Business Caribbean News

Guyana- Central Bank blanks sale of Scotiabank to Trinidad-based financial institution

(CMC) The Central Bank of Guyana (CBG) says it will not sanction the sale of the operations of Scotiabank here to the Trinidad-based Republic Financial Holding Limited (RFHL). Governor of the Central Bank, Dr. Gobin Ganga, has since communicated the CBG’s position to the two banks, citing a number of concerns. Finance Minister Winston Jordan […]

Caribbean News

IMF projects 4.4 percent economic growth for Guyana in 2019

The International Monetary Fund (IMF) has projected 4.4 percent economic growth for Guyana this year, stating that the medium-term prospects are very favorable for the Caribbean Community (CARICOM)-member state as oil production is on schedule to begin in early 2020. After concluding Article IV Consultation with Guyanese authorities, the Washington-based financial institution said the broad-based […]

Caribbean News

Guyana committed to developing a green economy

Guyana’s coalition government says it is fully committed to the country developing a green economy and is taking all the necessary steps to ensure it becomes a reality. Finance Minister Winston Jordan disclosed that two will be constructed in Region 9, Upper Takutu-Upper Essequibo and another in Region 8, Potaro-Siparuni. He made the disclosure during an […]