The Caribbean Development Bank (CDB) is projecting gross domestic product (GDP) growth of 9.1 per cent across its 19 Borrowing Member Countries (BMCs) in 2022, accelerating the region’s economic recovery which started in 2021. The favourable outlook is anchored by an expected surge in the GDP of commodity-exporting economies by an estimated 17.5 per cent […]
Tag Archives: Guyana Business
The authorities here are again dropping a hint that, going forward, Guyana may be gearing itself to kick-start a tourism industry which, while widely believed to be a potential major money-earner for the country, has continually failed to get off the ground owing largely to a lack of both official effort and less than adequate […]
Come tomorrow, Saturday January 19, local aviation sector service provider Roraima Airways and the Trinidad and Tobago entity RAMPS logistics will cement a partnership marking the launch of Arapaima Logistics Inc. which the two companies say will serve as a “critical resource to provide logistics and supply chain solutions locally, regionally, and internationally.” According to […]
Ongoing oil recovery pursuits in South America, notably in Guyana and Brazil, are key factors influencing the increased production of Floating, Production Storage and Offloading (FPSO) units, vessels used by the offshore oil & gas industry for the production and processing of hydrocarbons and for the storage of oil until it can be transferred to […]
Against the backdrop of numerous un-kept promises by Caribbean Community (CARICOM) Heads of Government, over several decades, to seriously ‘put heads together’ to find ways of reducing the volumes of our extra-regional food imports, the region continues to witness a continual climb in its food import bill. It is a mark of our collective failure […]
Let me start by thanking the Atlantic Council for providing a fitting venue to discuss central banks’ forays into Digital Currencies. Since its founding in 1961, the Council has made important contributions to strategic, political, and economic policy debates. Those debates have served us well, helping us to test the boundaries of our thinking and […]
In the wake of the dislocation, and in some instances near disintegration of some economies in the Carib-bean arising out of more than two years of a still rampaging Covid-19 pandemic, the Caribbean Development Bank (CDB) is to roll out a “financing ecosystem” that will provide critical support to its Borrowing Member Countries (BMC) with […]
With 2022 promising to be a record-breaking year for oil exploration and recovery in South America, it would be an act of unfathomable recklessness to ignore the ever-present danger of the environmental risks that attend what, for the hemisphere, are potentially breakthrough economic pursuits that could alter overall economic and developmental fortunes for the future. […]
It is… a matter of priority to align actions with future demands and to drive the development of agro-technical education, by modernizing rural educational institutions to prepare qualified resources among rural youth, fostering rural retention, linkages with the production sector and the integrated and inclusive development of rural areas and their people. Education is an […]
The United States government is contemplating an approach made to it by the oil giant Chevron, seeking to allow it to accept oil from cash-strapped Venezuela as payment for services rendered to that country’s oil industry, Reuters reported earlier this week. The report stated that representatives of the US oil company had engaged American diplomats […]