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Perhaps, the PPP/C manifesto will be available at a later date on the party's website'

Dem_Guy

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PPP/C to unveil 2020-2025 manifesto today

The People’s Progressive Party/Civic (PPP/C) is all set to unveil its 2020-2025 manifesto for the March 2020 elections, highlighting key developmental aspects and policies which will be undertaken under their tenure in office.

https://guyanatimesgy.com/wp-content/uploads/2019/11/PPP-1536x817.jpg

The drafted plans will be announced at Freedom House today. While the full document will be released at a later date, the Party will be sharing a β€œsummarised version” to highlight some of its policies and measures.

Thus far, Opposition Leader Bharrat Jagdeo has given some insight into what can be expected in key sectors under his Party’s governance. These were targeted at eliminating some of the country’s key shortfalls in recent time.

He had indicated at a press conference that the Party’s robust energy plan includes not only a significant reduction in costs but some 400-megawatt (MW) capacity – which is more than double the less than 200 MW that is currently being generated. This was announced in light of the fact that the Guyana Power and Light (GPL) continues to grapple with the provision of reliable energy due to the deficit of its capacity.

Jagdeo, who is also the party’s General Secretary, has announced that if the PPP returns to office at the upcoming elections, then resuscitation of the Amaila Falls Hydropower Project (AFHP) would be among its top priorities for the energy sector.

β€œOur plan is resuming discussions on Amaila. Immediately, starting to move forward on that project but recognising that that project will take some time into the future because it will take about four to five years to be completed. You can wait on that to bring in power now – baseload,” he had acknowledged.

Until the project can yield results, he noted, the PPP administration will move on to a gas power plant, which it believes could be done easily. However, while it will be bringing another 20 megawatts into the system, he stressed that it will not come into fruition until maybe 2021. As such, they will have to rely on fossil fuel initially to stabilise power supply in the country and bring an end to the constant blackouts.

β€œSo immediately, we move to fossil fuel and then the medium-term – well by 2021 – to get to the gas fire power plant and then the hydro in about four years. That should put over 400 megawatts of new power [into the grid]. Right now, we’re generating under 200 megawatts, so that [400 megawatts] will allow us to do street lights, it will allow us to reduce the cost of electricity significantly and it will allow us to do a number of other things both for household and [commercial purposes],” he stated.

The AFHP, which was initiated under the PPP Administration, was continually blocked by the then APNU and AFC combined Opposition while controlling the National Assembly by a one-seat majority. This project would have assisted GPL to get adequate electricity supply, thus, providing cheaper and more reliable power to citizens and businesses.

Education

The Education Sector under the PPP administration is said to be geared towards improved access, quality, affordability and preparing Guyanese students at the Technical and Vocational Education and Training (TVET) and Tertiary levels. This is to ensure that they secure better-paying jobs in line with the requirement of the economy.

Prominent among these would be the delivery of free education at the University of Guyana (UG) and enhanced access through the use of Information and Communications (ICT). Previously, it was explained that free university education would not be available initially but within two or three years as they work out the details of this policy initiative. The Party had also announced plans to give out 20,000 online scholarships, which will help with private education especially in courses that are not offered by UG.

VAT removal

Adding to that, the PPP has also published on its social media accounts several posters outlining the removal of Value-Added Tax (VAT) on key areas such as electricity, water and healthcare. The VAT on farming, mining and forestry equipment will also be reversed, it promises. Also high on the Party’s agenda is the reversal and/or reduction of the over 200 tax measures imposed by the coalition administration, such as on building materials, data and exports.

Other areas the PPP plans to address when it gets into office include reducing the age limit on the importation of vehicles, which will take more than $1 million off the current cost of vehicles and, thus, be more affordable for Guyanese.

Added to this is the restoration of the Joint Services bonus as well as support for small businesses via grants and interest-free loans to promote entrepreneurship.

The PPP will also roll out an extensive plan on how Guyanese will benefit from the riches expected from the impending oil and gas sector, as well as outline plans for the security sector with clearly defined strategies to tackle the various forms of crimes.

VishMahabir posted:
Nehru posted:

PPP THE PARTY WITH A PLAN TO RETURN GUYANA TO CIVILIZATION, PROGRESS AND PROSPERITY!!

how much progress and prosperity yall made in 23 years??

you been to Guyana recently to see all the progress being made?

Dem Indos stop backtracking and stop lining up at the American embassy.

HalfBrain, I been Guyana recently. I saw struggling coolies and negroes. I saw the deteriorating infrastructure. I saw robberies and killings. I saw massive corruption in the forms of bribery. If this is a daily happening among the common folks, just imagine what is happening with the big boys. Guyana has a dog eat dog mentality. THANKS TO YOUR PNC.

VishMahabir posted:
Nehru posted:

PPP THE PARTY WITH A PLAN TO RETURN GUYANA TO CIVILIZATION, PROGRESS AND PROSPERITY!!

how much progress and prosperity yall made in 23 years??

you been to Guyana recently to see all the progress being made?

Dem Indos stop backtracking and stop lining up at the American embassy.

Jackass, PPP rebuilt a bankrupt country in 23 years  that ayo run into the ground. Your Coalition government then took it over and within 4 fcking years, ayo took it back into the slumps. Now gawn so. 

Last edited by Former Member
Dave posted:
VishMahabir posted:
Nehru posted:

PPP THE PARTY WITH A PLAN TO RETURN GUYANA TO CIVILIZATION, PROGRESS AND PROSPERITY!!

how much progress and prosperity yall made in 23 years??

you been to Guyana recently to see all the progress being made?

Dem Indos stop backtracking and stop lining up at the American embassy.

Jackass, PPP rebuilt a bankrupt country in 23 years  that ayo run into the ground. Your Coalition government then took it over and within 4 fcking years, ayo took it back into the slumps. Now gawn so.

GUYANA 2 INTERNATIONAL MONETARY FUND

May 9, 2017

Guyana’s risk of external debt distress remains moderate and debt service manageable.1The update of the debt sustainability analysis (DSA) shows the indicators of external debt distress to remain under relevant thresholds in the baseline.

The PV of external debt declines to 20 percent of GDP and debt service is 5 percent of revenue.

Nevertheless, stress tests indicate the vulnerability of public debt to adverse shocks. There are small breaches of the external debt threshold (within the borderline band) under a stress test shock to debt concessionality, suggesting a borderline moderate/low rating. An alternative approach that models the probability of debt distress shows a larger breach of threshold, which lends support to a moderate risk rating. The medium-term outlook is favorable given the expected start of oil production by 2020. Guyana has ongoing negotiations with bilateral non-Paris Club and commercial creditors who did not participate in the Heavily Indebted Poor Countries (HIPC) Initiative with a view to settling these debts (about 5 percent of GDP). A positive outcome of the negotiations could help further reduce its external indebtedness.

BACKGROUND

 1. Debt relief and PetroCaribe debt write-offs have helped reduce Guyana’s debt burden over the past decade.

Total public sector debt declined from 96 percent of GDP in 2006 to about 49.6 percent in 2016. Under the Multilateral Debt Relief Initiative (MDRI), the Fund, the World Bank, and the IDB provided debt relief amounting to US$611 million in 2006–07. Paris Club bilateral creditors and some non-Paris Club creditors granted debt relief as part of the 2004 Paris Club agreement.1 Negotiations with other non-Paris Club creditors are protracted with the debt in question amounting to about 9 percent of total debt or about 5 percent of GDP.2 Meanwhile, part of the debt owed to Venezuela under the PetroCaribe agreement was repaid through Guyana’s rice exports to that country.

The rate of external debt accumulation slowed because further borrowing under the PetroCaribe agreement with Venezuela had been halted since mid-2015 following the revival of a border dispute.

2. Over the last seven years, total gross public debt has declined significantly. The debt to GDP ratio declined from 67 percent in 2009 to 49.6 percent in 2016. Over the same period, external debt declined from 46 percent of GDP to 34 percent (Table 1), and domestic debt from 21 percent of GDP to about 16 percent. Multilateral institutionsβ€”particularly the Inter-American Development Bank, the Caribbean Development Bank and the International Development Associationβ€”are the main external creditors, accounting for about 40 percent of total debt. The loan portfolio has a long maturity profile and low average interest rates.

3. Over the years, Venezuela had become an important donor but the PetroCaribe agreement with Guyana was suspended in 2015. PetroCaribe’s concessional loans financed Guyana’s oil imports. Although these loan disbursements were sizable, part of the oil proceeds were deposited in an account at the Central Bank of Guyana to be used as a β€˜sinking fund’ to service external debt. In addition, Guyana repaid part of its PetroCaribe debt with rice exports and accumulated savings under the financing arrangement.3

4. Remittances are an important source of foreign exchange in Guyana, and are included in the base case. Average remittances represented 12.3 percent of GDP and 21.2 percent of exports of goods and services during 2014-16 and have been relatively steady, except a decline in 2016, which was to some extent driven by one-off factors. Therefore, remittances are sufficiently large to be considered in the base case.

https://www.imf.org/external/p.../2017/dsacr17175.pdf

Last edited by Django

GUYANA

STAFF REPORT FOR THE 2018 ARTICLE IV CONSULTATIONβ€”DEBT SUSTAINABILITY ANALYSIS

May 31, 2018

Guyana’s risk of external debt distress remains moderate, but debt dynamics will improve markedly with the start of oil production in 2020. The debt sustainability analysis (DSA) update shows that indicators of the risk of external debt distress remain under the relevant thresholds in the baseline.

The PV of external debt-to-GDP is projected to decline to 8 percent over the medium-term while debt service will decrease to 2 percent of revenue.

Stress tests indicate the susceptibility of public debt to adverse shocks before oil revenues place the debt on a downward trajectory. Guyana’s external public debt ratio is sensitive to extreme shocks to exports and to the exchange rate. These shocks cause temporary but significant breaches in the external debt thresholds, prompting a moderate risk rating. Nevertheless, Guyana’s medium- and long-term outlook is very favorable given the projected oil revenues, which will eventually underpin fiscal surpluses and a reduction in external indebtedness.

https://www.imf.org/external/p.../2018/dsacr18220.pdf

skeldon_man posted:
VishMahabir posted:
Nehru posted:

PPP THE PARTY WITH A PLAN TO RETURN GUYANA TO CIVILIZATION, PROGRESS AND PROSPERITY!!

how much progress and prosperity yall made in 23 years??

you been to Guyana recently to see all the progress being made?

Dem Indos stop backtracking and stop lining up at the American embassy.

HalfBrain, I been Guyana recently. I saw struggling coolies and negroes. I saw the deteriorating infrastructure. I saw robberies and killings. I saw massive corruption in the forms of bribery. If this is a daily happening among the common folks, just imagine what is happening with the big boys. Guyana has a dog eat dog mentality. THANKS TO YOUR PNC.

Vish, the reason they stop lining up at the American Embassy is that you President don’t want them. He said America is full. So stop your nonsense If you have nothing to contribute leave the keyboard alone.

Eh Eh Djanjo welcome back .. was a short vacation... what happen man .. them  bhais at Stabroek News didnt give you the red carpet welcome, screw them .. let them know you
navel string buried hay at GNI . 

I man know you pull a fast wan, you Rass did so many times and when you wake up .. it’s a new day . 

This place is like Guyana rum shop without the rum and cutlass and that’s a good way. 

Vote PPPC. 

VishMahabir posted:
Nehru posted:

PPP THE PARTY WITH A PLAN TO RETURN GUYANA TO CIVILIZATION, PROGRESS AND PROSPERITY!!

how much progress and prosperity yall made in 23 years??

you been to Guyana recently to see all the progress being made?

Dem Indos stop backtracking and stop lining up at the American embassy.

Enough to post your ass to America and still didn't make good of yourself, a waste of shit. Stuck in Sunday School and never graduated, maybe you like the Father.

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