Daily Features

Excessive spending (and borrowing) can undermine Sovereign Wealth Fund

Introduction In the course of his presentation of Budget Speech 2018 delivered on November 27, 2017, the Minister of Finance announced that the Government of Guyana would be partnering with the Islamic Development Bank (IsDB/the Bank), through the Malaysia Agricultural Research and Development Institute (MARDI), to update the expertise and technology in rice production through a Reverse Linkage Project to the tune of US$863,000.

Rum and rousing

An astute plantation cook deemed “a mere brute” soon changed into a stylish man “in European dress with a countenance beaming with intelligence and hope,” as the young Rajput who was “most enthusiastic” to become the first East Indian Christian missionary in British Guiana managed to avoid further estate work as an indentured immigrant.

Jagannath and Jatra

An unusual syncretic Indian deity that combines aspects of different major faiths, the dark-coloured Lord Jagannath is still periodically and ceremoniously renewed as a sacred, simple wooden carving, brilliantly painted with a round face and huge symmetrical eyes.

Code of Corporate Governance

The good news is that the authorities have decided to place into the Consolidated Fund the signature bonus of US$18 million that it received from ExxonMobil, and whenever the funds are needed parliamentary approval will be sought, presumably via a Supplementary Estimate.

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