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May 22, 2017

Dear Editor,

It is now two years since the APNU regime took power in Guyana. During that period, we have seen a major decline in our economy, the erosion of civil and political liberties, the transformation of our National Assembly from being a forum for debate and discussion into a rubber-stamp where debates are stifled, etc.

In the face of these reversals the regime’s propaganda machinery, in tandem with some in the private media, is desperately attempting to sell the view that things were worse under the PPP/C administration; that this APNU regime inherited a bad situation. It is, therefore, necessary to remind everyone what the conditions were that prevailed at the time the PPP/C demitted office.

Guyana was a country on the rise. Under the PPP/C administration, we had the fastest growing economy in the region. Indeed, we had become a beacon of hope for the Caribbean. From 2006-14, Guyana’s economy experienced continuous, positive growth under the PPP/C administration. This was the longest period of uninterrupted growth in the history of independent Guyana. The average growth rate was 4.5% per annum.

In 2014, the last full year of the PPP/C in office, Guyana’s GDP was US$3.1 billion. That was up from US$1.4 billion in 2006, an increase of 121.4%. Our country’s Gross International Reserve held at the Bank of Guyana at the end of 2014 was US$665.6 million, which was equivalent to 3.6 months of imports. It was up from US$251.4 million in 2005, an increase of 164.76%.

The PPP/C administration had drastically reduced the huge debt it had inherited from a previous PNC regime. The PPP/C reduced the external debt to just 39.5% of GDP. What a turnaround!  That was also a reduction from 2006 when the debt to GDP was 71.8%. This is a demonstration of the good financial management by the PPP/C and the dynamic growth of the economy.

At the end of 2014, the total assets held at commercial banks were $421.8 billion. This was an increase of 159.3% over 2005, when total assets were $162.7 billion. The commercial banks were, therefore, in a position to provide substantial credit to the private sector. In 2014, $202 billion was given as credit, compared to just $52.4 billion in 2005.  This was an increase of 285.5%, which tells the story of a vibrant private sector. The interest rates were becoming much more favourable to those borrowing. They had declined to 10.8% at the end of 2014, from 13.5% in 2005 and more than 35% in 1992.

At the same time, our exchange rate was very stable. It was $206 to US$1.00 in 2014, compared to $200.25 to US$1 in 2005. These figures, however, do not tell the whole story. The strides were made in a very hostile environment by the political opposition. One must recall the riots and destruction by fire after the 1992, 1997 and 2001 elections when businesses suffered millions of dollars in damage. These were clear attempts at destabilization of our country.

We must not forget too that the last three years of the PPP/C government were even more difficult. The APNU and the AFC displayed their total anti-developmental and anti-national side. They used their combined one-seat majority to block every developmental project, for example, the Amaila Falls Hydro Electricity Project, the Specialty Hospital Project, etc. They voted against paying government workers, voted to cut the capital budget of the Ministry of Works and the Ministry of Amerindian Affairs. They voted against money to help the sugar industry to restructure and mechanize more of its operations in the field and factory, just to name a few.

More than that, they used their one-seat majority to damage the country’s economy. This was blatantly demonstrated in their voting against the amendments to the Anti-Money Laundering Bill. This could have gotten Guyana blacklisted by the international community, which would have led to grave destruction to our financial sector.

They voted against the amending of the Environmental Tax amendment, which would have equalized the conditions for both local and regional companies. As a result of that act, our taxpayers are now paying billions to regional companies.

The APNU members of Parliament also voted against the building of the Amaila Falls Hydro Electric Station. That was an important infrastructural project to transform Guyana from being an agricultural country to becoming an industrial/agricultural society. It was this vital project that they scuttled.

The achievements were made in un favourable international circumstances as well. Recall the very destructive financial and economic crisis that gripped the world at the end of 2007, beginning of 2008) and lasted until 2012. That crisis affected our entire region, including our major trading partners.

Impressive as the PPP/C government was in the economic sphere, it was not all they managed they achieve.

The PPP/C had secured US$250 million under the Guyana/Norway partnership on climate financing. Of this US$190 million were already earned and only US$40 million disbursed to projects at the end of 2014.The APNU regime, therefore, had a lot of money to spend. More than US$500M of resources were already secured to finance developmental projects. These included US$30 million for China Exim Bank to construct a new airport;     US$66.2 million from the Inter-American Development Bank (IDB) to fund a road network upgrade and expansion project;  US$64.6 million from the IDB and EU to fund a power utility upgrade programme; US$50 million from the India Exim Bank to fund the East Coast to East Bank bypass road;  US$34.4 million from the Caribbean Development Bank to fund the West Coast Demerara highway upgrade project;  US$31.7 million from the IDB and EU to fund a water and sanitation infrastructure improvement project;  US$15 million from IDB for a  new Citizens Security project; US$12 million from World Bank for a Flood Risk Management project;  US$10 million from the World Bank for a new Secondary Education Improvement project; US$10 million from the World Bank for the University of Guyana’s Science and Technology Support project;

US$7.5 million from the Caribbean Development Bank to fund a sugar industry mechanization project;  a firm commitment from the Indian government to help in the re-capitalization of the sugar industry.

Apart from the dynamic investments above, the PPP/Civic government had secured not just growing local private investments, but some important foreign direct investments into our economy, many of which are now contributing in driving our economy. The following are some of these investments that came into commercial operation at the end of the PPP/C administration, or shortly thereafter: 

Major oil and gas exploration activities, these included Exxon/Esso, Repsol and CGX; three major gold mines were ready to commence commercial operations, namely, Guyana Gold Fields Ltd/AGM, ETK/Sandsprings and Troy Resources; mining of other minerals including Reunion Manganese and First Bauxite; a large scale agricultural project in the Rupununi, that is, Santa Fe farms; two large information and communications technology investments – Qualfon and Teleperformance.

The performance of the PPP/C government, therefore, generated great confidence in both local and foreign investors. The above is a snapshot of the robust economy that the PPP/Civic left.

Our economy was clearly strong and growing fast despite the opposition and any challenges it encountered.

The APNU regime took over at a time when Guyana was leading the rest of the region. This regime had a very sound foundation to build on. Over the last two years, a lot of reversals have taken place. This regime has not advanced an inch since it took power; indeed, the decline is very discernable.

Yours faithfully,

Donald Ramotar

Former President

Replies sorted oldest to newest

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

He cannot even name initiatives of the PPP which attracted foreign investors.  Mining companies do their own research and show up wherever they can cut a deal. Even South Sudan has attracted investors in oil, and certainly too the DRC. Sierra Leone in the dreaded civil war years.

If the PPP announced major industrial development which increased value added from our commodities they could have had a chance to scream.  But they landed Guyana into a royal mess with their gross mismanagement of Guysuco.  In 1992 production was 246k. By 2014 it had tumbled to 214k DESPITE tens of millions of dollars spent on Skeldon factory.

FM
Last edited by Former Member
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

What is the coalition doing?  They have the advantage of low oil price which is saving the economy at least US$500,000 per day. 

Billy Ram Balgobin
Billy Ram Balgobin posted:
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

What is the coalition doing?  They have the advantage of low oil price which is saving the economy at least US$500,000 per day. 

The PPP had the advantage of high prices for gold. What did they do with it to transform the economy that they had 23 years to change?

I don't expect an answer from you as you have none to give.

FM
caribny posted:
Billy Ram Balgobin posted:
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

What is the coalition doing?  They have the advantage of low oil price which is saving the economy at least US$500,000 per day. 

The PPP had the advantage of high prices for gold. What did they do with it to transform the economy that they had 23 years to change?

I don't expect an answer from you as you have none to give.

The built over a hundred housing schemes, lifted the minimum from US$20 per month to US$200. The GDP is now 10 times bigger than it was in 1992. Our people live in better homes, drive better cars, and eat better than they ever did in 50 years.  The quality of life improved under the PPP.  

Billy Ram Balgobin
Nehru posted:

Billy, dumb IDIOTS will always try to find excuses and welfare PAYMENTS!!!!!!!!!!!!

Carib is a skilled propagandist but no amount of such skills can cover up the incompetence and undemocratic nature of the PNC nor hide from people's eyes the great accomplishments of the PPP/Civic government of 1992 to 2015.

Billy Ram Balgobin
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

He cannot even name initiatives of the PPP which attracted foreign investors.  Mining companies do their own research and show up wherever they can cut a deal. Even South Sudan has attracted investors in oil, and certainly too the DRC. Sierra Leone in the dreaded civil war years.

If the PPP announced major industrial development which increased value added from our commodities they could have had a chance to scream.  But they landed Guyana into a royal mess with their gross mismanagement of Guysuco.  In 1992 production was 246k. By 2014 it had tumbled to 214k DESPITE tens of millions of dollars spent on Skeldon factory.

Exactly they did nothing,

yesterday i asked two of my friends [PPP supporters] what was Economic Development the PPP introduced during their 23 yrs,the answer was take flight to the Country and drive around you will see all the massive houses,i said to them you really don't understand my question,we are aware how some of that came about and they support the illegality.

Django
Last edited by Django
Billy Ram Balgobin posted:
caribny posted:
Billy Ram Balgobin posted:
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

What is the coalition doing?  They have the advantage of low oil price which is saving the economy at least US$500,000 per day. 

The PPP had the advantage of high prices for gold. What did they do with it to transform the economy that they had 23 years to change?

I don't expect an answer from you as you have none to give.

The built over a hundred housing schemes, lifted the minimum from US$20 per month to US$200. The GDP is now 10 times bigger than it was in 1992. Our people live in better homes, drive better cars, and eat better than they ever did in 50 years.  The quality of life improved under the PPP.  

With the help of Debt write off.

Django
Django posted:
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

He cannot even name initiatives of the PPP which attracted foreign investors.  Mining companies do their own research and show up wherever they can cut a deal. Even South Sudan has attracted investors in oil, and certainly too the DRC. Sierra Leone in the dreaded civil war years.

If the PPP announced major industrial development which increased value added from our commodities they could have had a chance to scream.  But they landed Guyana into a royal mess with their gross mismanagement of Guysuco.  In 1992 production was 246k. By 2014 it had tumbled to 214k DESPITE tens of millions of dollars spent on Skeldon factory.

Exactly they did nothing,

yesterday i asked two of my friends [PPP supporters] what was Economic Development the PPP introduced during their 23 yrs,the answer was take flight to the Country and drive around you will see all the massive houses,i said to them you really don't understand my question,we are how some of that came about and they support the illegality.

You and this house thing!!!!  I am saying it again.  There has to be a name for this illness!!

Bibi Haniffa
Last edited by Bibi Haniffa

Good letter by Ramoutar to remind the people of PNC destruction. However I don't believe the people need to be reminded, they are living the reality of an empty pot and hard guava season while jackass Granger et al take expensive overseas trips to muslim countries and enjoy their 50% raises. 

FM
Bibi Haniffa posted:
Django posted:
caribny posted:

One word. GOLD.  Guyana continued to remain dependent on production of commodities with almost no value added and as prices fall the consequences are felt.

In none of his lengthy diatribe is there any indication of any attempt by the PPP to transform the economy.

He cannot even name initiatives of the PPP which attracted foreign investors.  Mining companies do their own research and show up wherever they can cut a deal. Even South Sudan has attracted investors in oil, and certainly too the DRC. Sierra Leone in the dreaded civil war years.

If the PPP announced major industrial development which increased value added from our commodities they could have had a chance to scream.  But they landed Guyana into a royal mess with their gross mismanagement of Guysuco.  In 1992 production was 246k. By 2014 it had tumbled to 214k DESPITE tens of millions of dollars spent on Skeldon factory.

Exactly they did nothing,

yesterday i asked two of my friends [PPP supporters] what was Economic Development the PPP introduced during their 23 yrs,the answer was take flight to the Country and drive around you will see all the massive houses,i said to them you really don't understand my question,we are how some of that came about and they support the illegality.

You and this house thing!!!!  I am saying it again.  There has to be a name for this illness!!

What nonsense are you insinuating ??

stick to the topic.

Django
Last edited by Django

Mr. Ramotar conveniently  forgot to mention the 'huge  economic development'  for personal profit,  of the Skeldon factory and his son's involvement in the fibre  cable.  Is there a long line of tourist waiting to use the Marriott hotel ? How about all the cruise ships waiting to dock in the harbour ?

These failed projects might not have been paid by the Guyanese taxpayer, so its not worth mentioning. But government ministers were able to go from rags to riches, within a short time.   

Tola
Billy Ram Balgobin posted:
.

The built over a hundred housing schemes, lifted the minimum from US$20 per month to US$200. The GDP is now 10 times bigger than it was in 1992. Our people live in better homes, drive better cars, and eat better than they ever did in 50 years.  The quality of life improved under the PPP.  

They handed out land and the blacks complained that their house lots were poorly drained with no infra structure.  a huge % of those who received house lots didn't build because they had no money, or because they had no intention in building in zones with no infrastructure.

As I expected you still cannot describe how the economy became transformed.  Guyana remains LAST in its economic rankings in the English speaking Caribbean. Yes the GDP grew but then so did every one else's. The economy was on a growth mode thanks to Hoyte, so cease your foolishness.

But for Hoyte Jagan would have continued Burnham's foolishness given his communist orientation. Jagan congratulated Burnham when he nationalized the economy and destroyed the private sector.  Had we had Jagan and not Burnham it would have been GIMPEX all with a total monopoly and with empty stores, just as in Castro's Cuba.

Note also that Guyana has had stronger performance when compared to ALL of its neighbors. Commodity prices are depressed and an economy which only processes BASIC raw commodities will remain vulnerable to price fluctuations.

FM
Tola posted:

Mr. Ramotar conveniently  forgot to mention the 'huge  economic development'  for personal profit,  of the Skeldon factory and his son's involvement in the fibre  cable.  Is there a long line of tourist waiting to use the Marriott hotel ? How about all the cruise ships waiting to dock in the harbour ?

These failed projects might not have been paid by the Guyanese taxpayer, so its not worth mentioning. But government ministers were able to go from rags to riches, within a short time.   

The fact remains that the PPP was a colossal failure in all aspects of the economy over which they had direct control. Now a mere 2 years after completion we hear that Marriott needs massive repairs. Yes the same Chinese who were going to be so excellent. But then why the shock when we see what the Chinese made of Skeldon factory.

Gold prices increased and remittances soared and the multiplier led to growth in the retail and construction sectors. With remittances now flat, as ties begin to dwindle, and with gold prices down pushing many local producers out of the industry clearly there is a slow down.

There is a building boom in some of the Caribbean islands as they expand their tourism industries. Now one would think that Guyana would benefit with our decorative woods and tropical furniture.   Or that processed foods and other agri products would find markets on the mega cruise liners which traverse the Caribbean.  Even Dominica is making a killing supplying soap, based on its coconut oil industry.

Druggie and Billy Ramgoat cannot speak to these things as they didn't happen.   The PPP was just as dotish as the current clowns in charge. Completely lacking the imagination needed to foster economic transformation.

No wonder Guyana ranks at the BOTTOM of all social and economic indicators, beating only Haiti.

FM
Drugb posted:

Good letter by Ramoutar to remind the people of PNC destruction.

And what did this letter say?  Nothing for any one who has even the most basic understanding of economics.

Jagdeo was as much of a clown as the current Minister of Finance. Glorified book keepers and no more.

When Jagdeo did more than that the fat flew in his face. I suggest that the PPP explains to Guyanese why the Skeldon factory was such a loss. After all Guyanese taxpayers now have to service almost US$ 50 million in debt with NOTHING to show.   Then we can add Marriott and the Providence stadium and the Berbice Bridge.

Stabroek News has a whole section dealing with PPP corruption and incompetent crony capitalism.

The current guys are doing nothing but dreaming for oil, so at least they will not land Guyanese taxpayers with a massive bill for poorly conceived projects.

FM
Drugb posted:

Good letter by Ramoutar to remind the people of PNC destruction. However I don't believe the people need to be reminded, they are living the reality of an empty pot and hard guava season while jackass Granger et al take expensive overseas trips to muslim countries and enjoy their 50% raises. 

Correct.

FM
Demerara_Guy posted:
Drugb posted:

Good letter by Ramoutar to remind the people of PNC destruction. However I don't believe the people need to be reminded, they are living the reality of an empty pot and hard guava season while jackass Granger et al take expensive overseas trips to muslim countries and enjoy their 50% raises. 

Correct.

If life was so great under the PPP then why did upwards of 30k Guyanese flock to the Caribbean looking to find jobs that the locals thought beneath them?

Name the English speaking country in the Caribbean and Guyanese are almost always the largest immigrant group, and never ranking below #5.

And not only our unskilled and semi skilled workers but even our professionals.  Antigua got so many Guyanese teachers and nurses under CSME that they had to ask for a waiver to be allowed to restrict entry by Guyanese in those fields. Note that under CSME professionals have unlimited entry into CARICOM nations (Bahamas, Haiti and Suriname excluded) once the supply proof of their qualifications.

Now one would think if the economy boomed under the PPP legions of Bajans and others would be flocking to Guyana between 2000 and 2014.  In fact had any one suggested this there would have been loud laughter and ridicule.

FM
Last edited by Former Member
caribny posted:
Demerara_Guy posted:
Drugb posted:

Good letter by Ramoutar to remind the people of PNC destruction. However I don't believe the people need to be reminded, they are living the reality of an empty pot and hard guava season while jackass Granger et al take expensive overseas trips to muslim countries and enjoy their 50% raises. 

Correct.

If life was so great under the PPP then why did upwards of 30k Guyanese flock to the Caribbean looking to find jobs that the locals thought beneath them?

Name the English speaking country in the Caribbean and Guyanese are almost always the largest immigrant group, and never ranking below #5.

Guyanese have been emigrating to other countries and have established themselves successfully for eons.

For example ....

1. Guyanese have been living in the Scandinavian countries before WW-I.

2. Guyanese have been living in England, USA, Europe, etc for eons.

3. The list goes on.

One of the numerous examples ....

Sir James Douglas

First Governor/Governor General of

British Columbia, Canada.

Briefly ...

a. James Douglas born at Demerara, Guyana on the 15 of August 1803.

b. James Douglas is known/named as the Father of British Columbia.

c. Statue of James Douglas is established at Mahaica, where he was born.

Attachments

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FM

Prime Minister Samuel Hinds and Canadian High Commissioner Charles Court at the unveiling of Sir James Douglas monument in Mahaica. Also in photo is Minister Frank Anthony

Sir James Douglas monument unveiled at Mahaica, Posted on

SIR James Douglas, a son of the soil from Belmont, Mahaica who became the first Governor of British Columbia in Canada in the nineteenth century was honoured on Thursday, August 28, 2008 with a monument in his name.

The monument was unveiled by Prime Minister Samuel Hinds in the presence of Minister of Culture, Youth and Sport Dr. Frank Anthony; Minister within the Ministry of Education Dr. Desrey Fox;  Chairman of the Ethnic Relations Commission (ERC) Bishop Juan Edghill;  President of the Guyanese Canadian Cultural Association of British Columbia (GCCABC), Clyde Duncan and Mahaica residents.

Source -- https://bcguyaneseassociation....unveiled-at-mahaica/

Attachments

Images (1)
  • mceclip0
FM
Demerara_Guy posted:
caribny posted:
Demerara_Guy posted:
Drugb posted:

Good letter by Ramoutar to remind the people of PNC destruction. However I don't believe the people need to be reminded, they are living the reality of an empty pot and hard guava season while jackass Granger et al take expensive overseas trips to muslim countries and enjoy their 50% raises. 

Correct.

If life was so great under the PPP then why did upwards of 30k Guyanese flock to the Caribbean looking to find jobs that the locals thought beneath them?

Name the English speaking country in the Caribbean and Guyanese are almost always the largest immigrant group, and never ranking below #5.

Guyanese have been emigrating to other countries and have established themselves successfully for eons.

For example ....

1. Guyanese have been living in the Scandinavian countries before WW-I.

2. Guyanese have been living in England, USA, Europe, etc for eons.

3. The list goes on.

One of the numerous examples ....

Sir James Douglas

First Governor/Governor General of

British Columbia, Canada.

Briefly ...

a. James Douglas born at Demerara, Guyana on the 15 of August 1803.

b. James Douglas is known/named as the Father of British Columbia.

c. Statue of James Douglas is established at Mahaica, where he was born.

We aren't talking about Guyanese flocking to rich countries. We are talking about Guyanese flocking to Grenada where they account for almost 5% of the population.  After a hurricane hit that island Jagdeo sent planes to rescue them. Only 10% responded, the rest preferring to watch the night stars through their roofless dwellings. So why was Guyana so bad?

FM
Demerara_Guy posted:

Prime Minister Samuel Hinds and Canadian High Commissioner Charles Court at the unveiling of Sir James Douglas monument in Mahaica. Also in photo is Minister Frank Anthony

Sir James Douglas monument unveiled at Mahaica, Posted on

SIR James Douglas, a son of the soil from Belmont, Mahaica who became the first Governor of British Columbia in Canada in the nineteenth century was honoured on Thursday, August 28, 2008 with a monument in his name.

The monument was unveiled by Prime Minister Samuel Hinds in the presence of Minister of Culture, Youth and Sport Dr. Frank Anthony; Minister within the Ministry of Education Dr. Desrey Fox;  Chairman of the Ethnic Relations Commission (ERC) Bishop Juan Edghill;  President of the Guyanese Canadian Cultural Association of British Columbia (GCCABC), Clyde Duncan and Mahaica residents.

Source -- https://bcguyaneseassociation....unveiled-at-mahaica/

Nice work there by the PPP boys to preserve our history.  Now we getting ARCH with the President of Guyana symbol on it!!!!

Bibi Haniffa
Bibi Haniffa posted:
Demerara_Guy posted:

Prime Minister Samuel Hinds and Canadian High Commissioner Charles Court at the unveiling of Sir James Douglas monument in Mahaica. Also in photo is Minister Frank Anthony

Sir James Douglas monument unveiled at Mahaica, Posted on

SIR James Douglas, a son of the soil from Belmont, Mahaica who became the first Governor of British Columbia in Canada in the nineteenth century was honoured on Thursday, August 28, 2008 with a monument in his name.

The monument was unveiled by Prime Minister Samuel Hinds in the presence of Minister of Culture, Youth and Sport Dr. Frank Anthony; Minister within the Ministry of Education Dr. Desrey Fox;  Chairman of the Ethnic Relations Commission (ERC) Bishop Juan Edghill;  President of the Guyanese Canadian Cultural Association of British Columbia (GCCABC), Clyde Duncan and Mahaica residents.

Source -- https://bcguyaneseassociation....unveiled-at-mahaica/

Nice work there by the PPP boys to preserve our history.  Now we getting ARCH with the President of Guyana symbol on it!!!!

Indeed Bibi Haniffa, indeed.

FM
caribny posted:
Tola posted:

Mr. Ramotar conveniently  forgot to mention the 'huge  economic development'  for personal profit,  of the Skeldon factory and his son's involvement in the fibre  cable.  Is there a long line of tourist waiting to use the Marriott hotel ? How about all the cruise ships waiting to dock in the harbour ?

These failed projects might not have been paid by the Guyanese taxpayer, so its not worth mentioning. But government ministers were able to go from rags to riches, within a short time.   

The fact remains that the PPP was a colossal failure in all aspects of the economy over which they had direct control. Now a mere 2 years after completion we hear that Marriott needs massive repairs. Yes the same Chinese who were going to be so excellent. But then why the shock when we see what the Chinese made of Skeldon factory.

Gold prices increased and remittances soared and the multiplier led to growth in the retail and construction sectors. With remittances now flat, as ties begin to dwindle, and with gold prices down pushing many local producers out of the industry clearly there is a slow down.

There is a building boom in some of the Caribbean islands as they expand their tourism industries. Now one would think that Guyana would benefit with our decorative woods and tropical furniture.   Or that processed foods and other agri products would find markets on the mega cruise liners which traverse the Caribbean.  Even Dominica is making a killing supplying soap, based on its coconut oil industry.

Druggie and Billy Ramgoat cannot speak to these things as they didn't happen.   The PPP was just as dotish as the current clowns in charge. Completely lacking the imagination needed to foster economic transformation.

No wonder Guyana ranks at the BOTTOM of all social and economic indicators, beating only Haiti.

And your PNC is a worse failure in fleeceing the poor and emptying the treasury again. WHEN IS THE PNC GOING TO STOP RAPING THE POOR AND CONTINUE TO MAKE GUYANA THE BEGGAR OF THE CARIBBEAN AGAIN?

FM
caribny posted:

The PPP should also build a monument to a PPP supporter who was forced to scrub toilets in Barbados, being abused by a middle class Bajan woman.

Irrelevant as usual.

FM

http://www.coha.org/barbadian-...uyanese-in-barbados/

Guyanese. Not Vincentians or St Lucians who historically migrated to Barbados.

And these are heavily PPP supporters as many of the Afro Guyanese have Bajan connections through parents or grandparents so were able to legally settle there.

FM
Last edited by Former Member
Demerara_Guy posted:
caribny posted:

The PPP should also build a monument to a PPP supporter who was forced to scrub toilets in Barbados, being abused by a middle class Bajan woman.

Irrelevant as usual.

I see. Want to scream that life was perfect under the PPP so don't want to highlight the high rate of migration of PPP supporters to the Caribbean.

FM
caribny posted:
Demerara_Guy posted:
caribny posted:

The PPP should also build a monument to a PPP supporter who was forced to scrub toilets in Barbados, being abused by a middle class Bajan woman.

Irrelevant as usual.

I see. Want to scream that life was perfect under the PPP so don't want to highlight the high rate of migration of PPP supporters to the Caribbean.

Your choice to scream/yell about issues irrelevant to the discussion.

FM

Ramotar fails to mention a few important things, conveniently I guess. The economy was already tanking by the time the Coalition Govt took the helm. In the first quarter of 2015, GDP growth was down to 0.7%. Also, the value of the US dollar has increased a lot since 2014. The USD index was at about 82.00 during 2014 and it's at 97.00 today. This has forced the prices of commodities downward so that countries whose economies are dependent of the export of commodities, are experiencing a shortfall in revenues. Gold prices were up to $1800.00 during PPP days, today it's at $1250. A few years ago, the Canadian Dollar was on par with the US Dollar, today you can barely get .74 cents for a Loonie. Countries in the region who are heavily dependent on the export of Commodities are feeling the squeeze. T&T, Surinam, Venezuela and many others are all experiencing severe economic problems. 

Mars
Demerara_Guy posted:
 

Your choice to scream/yell about issues irrelevant to the discussion.

How so?  The PPP wants to scream that Guyana was the best place in the Caribbean under their rule.  I furnish evidence that it clearly wasn't when Guyanese, including PPP supporters fled to every where in CARICOM, except Haiti.  None came to Guyana from those countries, so clearly Guyana was NOT so good under the PPP.

FM
Mars posted:

. Countries in the region who are heavily dependent on the export of Commodities are feeling the squeeze. T&T, Surinam, Venezuela and many others are all experiencing severe economic problems. 

What the PPP also fails to admit is that for most of the 2008-14 that they refer to service based islands were crushed because of their tighter dependence on consumer expenditures in North America and Europe. So as those economies declined, so too did those islands. Now with recovery those islands are doing better.

And in any case Guyana remains poorer and les developed than most other places in CARICOM.  A comparison of Paramaribo and G/T shows how lawless Guyana became under PPP rule. It was bad enough under the PNC and got much worse under Jagdeo, when para militias were allowed to stalk the land.

FM

I look forward to the PPP frauds telling us about the successful initiatives that the PPP had to reduce Guyana's extreme dependency on the export of 5 commodities with almost no value added.

Did the manufacturing sector grow under the PPP?  No. But it did in the DR, which depends as much as does Guyana on oil as an energy source.

Why doesn't the PPP explain why during the entire period the DR performed better than did Guyana, developing the most diversified economy in the Caribbean?

FM
caribny posted:

I look forward to the PPP frauds telling us about the successful initiatives that the PPP had to reduce Guyana's extreme dependency on the export of 5 commodities with almost no value added.

Did the manufacturing sector grow under the PPP?  No. But it did in the DR, which depends as much as does Guyana on oil as an energy source.

Why doesn't the PPP explain why during the entire period the DR performed better than did Guyana, developing the most diversified economy in the Caribbean?

Carib,

Most folks are asking the same,the PPPites on GNI bury their heads in the sand.

Django
Last edited by Django
caribny posted:
Drugb posted:

Good letter by Ramoutar to remind the people of PNC destruction.

And what did this letter say?  Nothing for any one who has even the most basic understanding of economics.

Jagdeo was as much of a clown as the current Minister of Finance. Glorified book keepers and no more.

When Jagdeo did more than that the fat flew in his face. I suggest that the PPP explains to Guyanese why the Skeldon factory was such a loss. After all Guyanese taxpayers now have to service almost US$ 50 million in debt with NOTHING to show.   Then we can add Marriott and the Providence stadium and the Berbice Bridge.

Stabroek News has a whole section dealing with PPP corruption and incompetent crony capitalism.

The current guys are doing nothing but dreaming for oil, so at least they will not land Guyanese taxpayers with a massive bill for poorly conceived projects.

As usual, none of your accusations are based on facts. The truth lies somewhere in between. The Stabroek are politically motivated in their reporting as they supported the PNC/AFC. 

The PPP did make blunders, but this is what happens when govt tries to run industry that they are not qualified to oversee.  The Skeldon plant was in good order when turned over to the PNC, the PNC/AFC coalition purposely sabotaged the plant via lack of maintenance so they could sell it to their friends and family for profit. If they knew how to fix sugar, all the have to do is fix the defective problems with the plant, rather than throwing out the baby with the bathwater.

The Berbice Bridge, Marriott and Providence stadiums are legitimate assets to the country today regardless of the initial cost. So is the Skeldon plant, despite the PNC Clive Thomas sinister plot to "give it away" as a discounted price to friends and family under the guise of scrapping it as a total write off.

But the fact remains that today the PNC has put the country in the shitcan. This is irrefutable.  

FM
Demerara_Guy posted:
Bibi Haniffa posted:
Demerara_Guy posted:

Prime Minister Samuel Hinds and Canadian High Commissioner Charles Court at the unveiling of Sir James Douglas monument in Mahaica. Also in photo is Minister Frank Anthony

Sir James Douglas monument unveiled at Mahaica, Posted on

SIR James Douglas, a son of the soil from Belmont, Mahaica who became the first Governor of British Columbia in Canada in the nineteenth century was honoured on Thursday, August 28, 2008 with a monument in his name.

The monument was unveiled by Prime Minister Samuel Hinds in the presence of Minister of Culture, Youth and Sport Dr. Frank Anthony; Minister within the Ministry of Education Dr. Desrey Fox;  Chairman of the Ethnic Relations Commission (ERC) Bishop Juan Edghill;  President of the Guyanese Canadian Cultural Association of British Columbia (GCCABC), Clyde Duncan and Mahaica residents.

Source -- https://bcguyaneseassociation....unveiled-at-mahaica/

Nice work there by the PPP boys to preserve our history.  Now we getting ARCH with the President of Guyana symbol on it!!!!

Indeed Bibi Haniffa, indeed.

Bull shyte  that the PPP boys preserve Douglas history. They might not care if it were even Ghandi. You people are always quick to take credit for  the work others do.

It was done by a committee in British Columbia, also assistance from Canada  and the efforts of Clyde Duncan in Vancouver. Another similar statue  exist at Fort Langley, BC. Hinds gave permission to use the land and cash-in on the credit. Laparkan shipping Canada  played a huge role in funding and shipping. 

Without Clyde and others, the PPP would still be looking for ways to profit from the project.

Canadian High Commissioner Charles Court was involved, because it was protocol  to invite him to projects where Canadian resources are involved.

Charles Court was with the GT rotary club, that meets at the Pegasus and he visited many projects in Berbice, Essequibo, as well as other parts of Guyana.

It is a good idea for  any Canadian NGO to meet the Canadian High Commissioner in GT on their arrival and gave a seasonal report before leaving, because there is always the availability of Canada Fund and  CIDA for local assistance.   

Tola

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