In the previous column, I noted several positive features of the Natural Resource Fund (NRF) Act of 2021. I also outlined several potential downsides such as the possibility for employing unnecessary financial consulting in the face of a legally-mandated passive investment strategy, the power relations between the officers of the Fund and government given the…
Both the PNC and PPP came to power through “crossover voters” in 2015 and 2020, and hung by a thread of a one-seat majority. In 2011, the PPP was a minority Government by one seat. In politics now, the “crossover” voters matter for any party to win an election! What the PNC and PPP need…
My friend Suresh said, “There are not enough ‘cuss words’ to describe the treasonous oil contract signed by the PNC” and which the PPP vowed they would not renegotiate. The Exxon Head had said that at election time, both parties promised they would not renegotiate the contract. That puts the oil companies, PNC and PPP…
The Natural Resource Fund Act of December 2021 is a clear and concise document outlining the purpose of the Fund, as well as the sources of oil revenue deposit and method of withdrawal. The Act is quite clear on the kinds of assets in which the people’s oil monies are to be invested. It was…
Jay Mobeen asserts that ‘babbling Glen Lall and others who agitated against the NRF … were disingenuous. For weeks they peddled misinformation to a nation, woefully ignorant of the bill. This couldn’t have been more glaring than the massive sign held up outside the Assembly by opposition protestors. This sign demanded the inclusion of the…
As a Guyanese of the diaspora living in Switzerland and Germany, I have been following Guyanese politics closely for the last few years. What has struck me most is the uncompromising nature of politics in my mother’s homeland. There is the absence of a political culture of seeking solutions to the nation’s key problems by…
An African proverb says, “If you want to go fast, go alone; if you want to go far, go together.” The Government chose to go fast and alone in force-feeding the Natural Resource Fund Act on the nation, using its one-seat majority. Despite its sloganeering about “One Guyana,” the PPP’s engine room essentially told the…
https://www.oggn.org/wp-content/uploads/2021/12/PR-TREATMENT-OF-CITIZENS-PETITION-A-SIGN-OF-THINGS-TO-COME.pdf
