Central Bank pulls regulatory lasso tighter around credit unions
Credit unions play an important role in the financial sector because they have significant potential to reach the most vulnerable income groups. However, their...
Tender Board begins preparing SOPs-Finance Minister
The National Procurement and Tender Administration Board (NPTAB) has begun the process of preparing Standard Operating Procedures (SOP). This is according to Finance Minister,...
Guyana benefits from US$1.1 UK funded Maritime Programme
The Government of Guyana, through an agreement with the United Kingdom, has benefitted from a Commonwealth Maritime Economics Programme in Hydrographic Surveying.
Guyana was able...
Jordan speeding up Ministry’s training process for oil and gas sector
The Finance Ministry has started preparing to manage and monitor the complex oil and gas sector with first oil only a year or so...
Natural Resource Fund pointless without strengthening of institutions, fiscal systems- Economist Collin Constantine
It is all well and good for Guyana to pursue the establishment of a Natural Resource Fund (NRF). But it would be pointless without...
Public expenditure in Guyana has low efficiency -Economist
Over the last 26 years, Government spending has not only been relatively high but also, inefficient. This troubling revelation was made recently by economist...
GRA hurries to prepare for oil auditing but still to get tax administration right...
The Guyana Revenue Authority (GRA) is yet to fix some of the fundamental issues related to tax administration. Yet, this very entity is racing...
Finance Ministry engages World Bank Mission on Natural Resource Fund, other matters
The Ministry of Finance is hosting a Joint World Bank Mission comprising the International Bank for Reconstruction and Development (IBRD), the International Development Association...
State Owned Enterprises now in a $9.3B deficit-Central Bank Governor
The performance of Guyana’s State-Owned Enterprises (SOEs) continues to be dismal. In fact, many of these agencies have pushed the overall deficit to $9.3B...
GRA to recommend removal of Stabilization clause from model PSA during discourse with Energy...
Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia is of the firm view that the stabilization clause in the ExxonMobil oil deal puts Guyana...
