Controversy
The experience with the Berbice River Bridge and its relationship with the investment made by the government seem to make people leery about using the public-private partnership investment model in the construction of projects in the future.
Complicated
In a process complicated by the prorogation of parliament and the holding of elections after the mandatory budget approval period had passed, the Granger administration had to put together a budget for 2015.
Concern
The concern over the deal on the Berbice River Bridge is not only about the level of the investment made by the government vis-à-vis the private sector, but also about the mode of the investment.
Illicit activities
The recent disclosure in local print and online media that gold was being smuggled out of Guyana in significant quantities is a blow to the integrity of Guyana’s revenue collection system and an apparent indictment of all aspects of port security ‒ land, sea and air.
Collection entity
For a government to carry out its work or execute the policies that it has adopted for the management of the country, it needs money.
Submersible
The change of government and the aggression shown by Venezuela towards Guyana have brought the PetroCaribe energy agreement into sharp focus.
(Conclusion)
Less tension
Member countries of the International Monetary Fund (IMF) are required to avoid the use of restrictive practices that interfere with or undermine international trade.
The word forensic
Over the past month or so, Guyanese have heard the words forensic auditing come into frequent use in relation to the activities of the past government.
No-nonsense programme
When a country runs into financial trouble, it turns to the IMF for help, and depending on its level of development and financial health, the IMF gives it a structural adjustment programme to suit.
Early news
The early news that has emerged from the new administration about the financial condition of Guyana is not good and one fears that it is likely to worsen as the stories about the condition of different parts of the economy unfold.
Official announcement
The official announcement last week that Guyana had oil in significant quantities is something that Guyanese were waiting a long time to hear.