Guyana
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The PetroCaribe Economic Zone proposal
GEORGETOWN, Guyana – Guyana is reportedly examining a proposal to set up a PetroCaribe Economic Zone (PEZ), made by Venezuela at the PetroCaribe summit held earlier this month in Caracas and attended by Prime Minister Samuel Hinds. According to Venezuelan Oil and Mining Minister Rafael Ramírez, this initiative will widen the role of PetroCaribe beyond the provision of oil at…
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France blacklists T&T, Dominica for not probing foreign aid fraud
GEORGETOWN, Guyana – France has drawn up a blacklist of 17 countries including Trinidad and Tobago and Dominica for not investigating foreign aid fraud, banning the use of their banks in the distribution of development funds. Agence France-Presse (AFP) yesterday reported that in addition to the Caribbean countries, Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Liberia and Vanuatu…
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CDB reviews development challenges
GEORGETOWN, Guyana – The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both Prime Minister Kenny Anthony, as host Chairman of the meeting…
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Guyana’s Finance Minister urges CDB to scale up lending activity to member countries
(CARICOM News Network) Guyana’s Finance Minister Dr. Ashni Singh has stressed the importance of the Caribbean Development Bank reversing recent downgrades to its credit rating, as he assumes the chair of the Board of Governors of the Bank over the next year. Addressing the closing ceremony of the Bank’s 43rd annual meetings just concluded in St. Lucia, the Minister said…
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GUYANA-ENERGY- PM Hinds said PetroCaribe provide significant benefits to Guyana
GEORGETOWN, Guyana, May 27, CMC- Prime Minister Samuel Hinds says Guyana has benefitted significantly from the Venezuelan oil initiative, PetroCaribe, launched in 2005. Hinds, speaking during a special programme on the state-owned National Communications Network (NCN), said the initiative came at a time when many Caribbean countries were having difficulties in purchasing petroleum given the high global of US$150 for…
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Guatemala in limbo
GEORGETOWN, Guyana – Last week, in commenting on the May 10 sentencing of former Guatemalan dictator Efraín Ríos Montt, 86, to 80 years in jail for genocide and crimes against humanity, we were of the view that Guatemala had taken a courageous step towards putting an end to impunity for the perpetrators of such crimes. We did suggest, however, that…
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GUYANA-POLITICS-President writes opposition legislators on anti-money laundering bill
GEORGETOWN, Guyana, CMC – President Donald Ramotar has written to members of the National Assembly urging them to ensure that the amendments to the anti-money laundering legislation is approved ahead of the international deadline. In his letter, read out by Prime Minister Samuel Hinds, the head of state called on all legislators to put aside their differences and put the…
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Former speaker dies on the eve of general election
GEORGE TOWN, Cayman Islands, CMC – Edna Moyle, a founding member of the main opposition People’s Progressive Movement (PPM) died Tuesday, less than 24 hours before voters in this British Overseas Territory go to the polls to elect a new government. Relatives said that the former Speaker of the House and North Side MLA legislator, died at the Cayman Islands…
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Spanish oil firm signs new agreement
GEORGETOWN, Guyana, CMC –The Spanish oil exploration firm, REPSOL, Tuesday signed a new oil exploration concession offshore agreement with Guyana. President Donald Ramotar and REPSOL’s director, Jose A. Murillas signed the four year prospecting license for the 6,525 square kilometer concession located 100 miles seawards off the mouth of the Berbice River. The two sides also signed a production sharing…
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