On Friday August 17th, the Stabroek News published a letter by Business Minister Gaskin titled, `Mr Hinds completely omitted the profit sharing component of the Esso deal’. The Minister’s math does not compute. His cost per barrel is significantly more than what both Hess and the IMF have stated. I will work backwards from the…
Here is an idea that should be given top priority. Guyana needs to build up an entrepreneurial class. Guyana needs to develop a class of Guyana’s Product Brands. (Currently Guyana has only one such brand -15-year-old rum. Europe and North America cannot get enough of Guyana’s rum). Guyana needs a dozen new export products not…
I hope the Green Paper on the proposed Sovereign Wealth Fund (SWF) is a work in progress. The paper outlines a fiscal rule for withdrawals and the passive investment strategies for the foreign assets that will make up the Natural Resource Fund (NRF). It is quite intuitive why a NRF is necessary. It’s like a…
