Tag Archives: remittances

Banks, The Caribbean Diaspora And Remittances – By David Jessop

Banks, The Caribbean Diaspora And Remittances

David Jessop

David Jessop

Published on Jan 11 2016 – By David Jessop

News Americas, LONDON, England, Tues. Jan. 12, 2015: Imagine this! You, a partner or family member is working overseas. You have been sending money home to support an aging relative or to make a regular payment on a mortgage.

You go to the Caribbean money transfer business that you have always used, only to be told your money can no longer accepted because there is no intermediary bank in Europe or the US willing to work with it despite its absolute reliability and positive track record.    Continue reading

GUYANA: Capitol TV News Videos – 27 October 2015

Capitol TV logoGUYANA: Capitol TV News Videos – 27 October 2015

  • No deal to cede Guyana’s territory
  • More cocaine passes at CJIA
  • Pradoville land deal under review
  • Remittances may be affected
  • Diplomatic heads still unnamed
  • Do not privatize sugar
  • Sports

Click links below to view the TV News Videos:-     Continue reading

DIASPORA TIMES NEWSLETTER – OCTOBER 2015

Download:  DIASPORA TIMES OCTOBER-Final for circulation

Diaspora TimesContent:   PAGE 3: Not a blade o’ grass     PAGE 4-5: Extracts from President Granger’s address to the UN      PAGE 6-8: Venezuela File      PAGE 9: Chronicle calls out PPP     PAGE 10-11: Amerindians owned it      PAGE 12: Development & the Diaspora      PAGE 13: The President, Prime Minister, Vice Presidents & Ministers       PAGE 14: How much money does a politician need?       PAGE 15: Government’s turn to trust the people.       PAGE 16-17: Do we know where our children are?       PAGE 18-19: How Diaspora improves children’s education.      PAGE 20: If it was wrong then, it is wrong now.      PAGE 21-22: New hope for unity …      PAGE 23: A goobie is not a calabash      PAGE 24-25: Remittances      PAGE 26: Guyana’s transformational leadership      PAGE 27: What our readers write.      PAGE 28: Guyana news summary.  Continue reading

Guyana – “Anxious to leave” – commentary and paper on migration

Anxious to leave… ( also see paper on migration at the end)

Guyana map

Click map to enlarge

AUGUST 30, 2014 | BY |  EDITORIAL

Guyana: It has been reported in the not too distant past that close to 80 per cent of the country’s skilled people migrate.

This certainly paints a gloomy picture for the future. It means that we are getting considerably less for investments in human development; training people is a very costly exercise.

Indeed, for as long as we could remember we have been producing our own teachers, nurses, skilled artisans and the like. Such was our training regimen that all those who graduated were good enough to work in any part of the world.

There was a time when the cost of living was such that we were content to stay and serve. But there was always the lure of life overseas.  Continue reading

Anti-Money Laundering Bill…hike in foreign currency rates feared

Anti-Money Laundering Bill…Local businesses brace for hike in foreign currency rates

US Dollar Notes

US Dollar Notes

MAY 11, 2014 | BY  |

The non-passage of the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill by this month-end would see financial hardships threatening Guyana’s economy.
This view was expressed by Nazar Mohamed, General Manager of Mohamed’s Enterprise, recently.

According to Mohamed, there is currently no shortage of foreign currency on the local market. He assured that there is no problem in customers getting money transfers or cash from commercial banks to conduct business. There may be instances where a customer would be asked to wait a day or two but there is no lengthy delay. However, a matter of concern is the hike in exchange rate for US dollar as against the Guyana dollar.

Continue reading

The Diaspora and Guyana – commentary

The Diaspora and Guyana

AUGUST 7, 2012 | BY KNEWS |  EDITORIAL

The intense interest that people in the Diaspora show in Guyana is understandable, but at the same time something to cause raised eyebrows. For starters, there are those who send money (make remittances) to their relatives back home. This, perhaps, is the most popular sign that people have a lot to think about when it comes to their homeland.

This is not common to Guyana, but given the size of the population, remittances are huge. According to figures released by the Inter-American Development Bank, two years ago Guyanese remitted some US$447 million.

But that is only the cash. The people in the Diaspora look for other ways of helping the country. Nurses would collect material that they believe is needed by the various medical institutions and post them. But for the most part, they would travel to Guyana on their vacation and deliver these things which are always well received by the Ministry of Health. And the travel is done at no cost to the government.           Continue reading

Caribbean Christmas blues – By Sir Ronald Sanders

Caribbean Christmas blues

Considerable worry about the prospects for 2012 has made this Caribbean Christmas blue.

By Sir Ronald Sanders

Barbados, Thursday December 22, 2011 – Caribbean people are fun-loving and at Christmas they particularly enjoy celebration in the spirit of the Season.  A brave attempt has been made by many throughout the region to maintain that spirit this year.  But, across the Caribbean, it is a blue Christmas that not even the reduced Christmas lights and decorations can dispel.  In the majority of countries, the poor economic conditions are the principal cause of gloominess; in others, political uncertainty is also a factor.

With the exception of Guyana and Suriname, the economies of every one of the 15 Caribbean Community (CARICOM) countries experienced either a contraction of its economy or negligible growth in 2009 and 2010.  This year has proven to be no better.  Continue reading

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