The GCCI's president made it clear that they are not against the government signing a MOU  with T&T. They want to see the content to ensure that Guyanese are not short-changed.  Is this not a demand for transparency? Dr. Bankrupt, Carl Greenidge is playing a game here.

Greenidge said that between 1975 and 1992, Guyana could not pay for the oil it was importing but TT opted to carry that burden.

TT tried to help Forbes. 1975 thru 1992, a period of destitute for the Guyanese people.

thank you for putting these GT skvnts in their place Mr Minister

TRINIDAD AND TOBAGO-POLITICS: Leaders at Odds Over Debt Write-Off

George John

PORT OF SPAIN, Jun 11 1996 (IPS) - The Guyana government is hailing it as the kind of example which other regional leaders should follow, but the opposition party in Trinidad and Tobago is taking the government to task for agreeing to allow a substantial part of the South American Republic’s debt to go unpaid.

Guyana has “picked the pockets of Trinidad and Tobago,” says Keith Rowley, former Minister of Agriculture under the People’s National Movement (PNM) government led by Patrick Manning. The PNM was defeated in general elections in November last year.

Rowley says his party does not support the present government’s decision and would like to see the money owed to Trinidad and Tobago repaid through assets such as forestry land, rice and gold mining interests which he says Guyana has in abundance.

But if the seven-month old government of Basdeo Panday has its way after the dust is settled, just under 70 percent or some 357,478 million U.S. dollars of money owed to Trinidad and Tobago by Guyana will go unpaid. The remainder, 178,713 will be paid off over 23 years.

Trade Minister under the present administration, Mervyn Assam says the debt is uncollectable and the write-off had been recommended by the Trinidad and Tobago Central Bank which holds 75 percent of the debt with the remainder, 25 percent owing to the government.

The Trinidad and Tobago move is also in keeping with the decision reached at the Paris Club meeting last month when representatives of a number of creditor countries agreed to recommend to their governments a debt reduction and reorganisation plan.

The southern Caribbean country found itself the biggest creditor among Canada, Denmark, Norway, France, Germany, The Netherlands, Britain and the United States.

And according to Finance Minister, Brian Kuei Tung “It doesn’t make sense carrying a huge debt in your books if you have no prospect of being able to collect it.”

The borrowing arrangements between Trinidad and Tobago and other Caribbean islands go a long way back.

In 1981 the government of that country loaned 96 million dollars to Guyana, a country in the grip of a serious economic crisis for a number of years. Then President, the late Forbes Burnham, described the act as “an expression by deed in the future of the regional integration movement.”

Trinidad and Tobago at that time was nearing the end of the petroleum boom brought on by the Arab-Israeli war which had sent oil prices skyrocketing from a single digit figure to more than 30 dollars a barrel.

Between 1973 and 1981, Trinidad and Tobago, flush with petro- dollars had transferred resources totalling some 200 million dollars to its Caribbean Community (Caricom) partners to ease their balance of payments problems.

Jamaica, for instance, was loaned some 50 million dollars in 1976. Then Prime Minister, Michael Manley described the trade agreement to which the loan was tied as “a genuine step forward in the integration process.”

However, a further 50 million-dollar loan to Jamaica the following year fell through because of remarks Manley made about the way the Eric Williams government was spending its petro-dollars.

The failure of the loan to materialise was caused also by the collapse of an elaborate Williams proposal whereby Jamaica’s bauxite and Guyana’s alumina were to be processed into aluminium in a proposed Trinidad mill utilising the country’s enormous gas resources on which its energy industries are based today.

In 1980, the Trinidad and Tobago government, led by Williams who died in 1981, set up an Oil, Asphalt and Fertiliser Facility through which soft loans would be made available over a three-year period to Caricom countries to enable them to finance the incremental cost of such imports from the country.

The Guyana loan was agreed to under this facility, as were the smaller loans to Jamaica, Barbados, Dominica and other territories strapped for cash.

With the oil boom over, Trinidad and Tobago moved to collect its debts. But Guyana was not paying and by this year the Guyana debt to Trinidad and Tobago had climbed to some 536 million dollars.

http://www.ipsnews.net/1996/06...over-debt-write-off/

Should Guyana remind Rowley about picking the pockets of T&T ?

just asking.

Django posted:

Should Guyana remind Rowley about picking the pockets of T&T ?

just asking.

yes they should!!!

Rowley arrogance now hiding in he bt

ronan posted:

Django posted:

Should Guyana remind Rowley about picking the pockets of T&T ?

just asking.

yes they should!!!

Rowley arrogance now hiding in he bt

LOL

He r@ss got cornered.

This incompetent DICTATOR who bankrupt Guyana and stole to but Benz and live live large is too dumb to understand the concerns of the GCCI!!!

If anybody picked the Trini's pocket it was the PNC. Now the Guyanese people are left with a burden to carry for a couple of generations.  

Nehru posted:

This incompetent DICTATOR who bankrupt Guyana and stole to but Benz and live live large is too dumb to understand the concerns of the GCCI!!!

who exactly is "this incompetent DICTATOR who bankrupt Guyana and stole" who is "too dumb to understand . . ."?

try keep yuh dribble mouth and small brain in sync for a change

arite

Billy Ram Balgobin posted:

If anybody picked the Trini's pocket it was the PNC. Now the Guyanese people are left with a burden to carry for a couple of generations.  

what burden?

Slaves will never understand BURDEN!! It is a natural thing for them to be burden!!!

ronan posted:

try keep yuh dribble mouth and small brain in sync for a change

arite

LMFAO...and don't fuhget he odda end....he shit a batty

Another Buju Slave show up

Dave posted:

Foreign Affairs Minister, Carl Greenidge

By Kiana Wilburg
The Georgetown Chamber of Commerce and Industry (GCCI) can make all the appeals it wants. The Government of Guyana will not put a halt on signing a crucial Memorandum of Understanding (MoU) on energy with Trinidad and Tobago come next week.
Foreign Affairs Minister, Carl Greenidge made this pellucid during his interview with Kaieteur News. Yesterday afternoon, Greenidge was informed of the concerns of the Chamber.
At an “emergency” press conference on Wednesday, GCCI’s President, Deodat Indar said that the Chamber wants to see the MoU to ascertain if there would be dire consequences for the private sector. The businessman said that the Chamber is not against investments from Trinidad and Tobago. He stressed, however, that the MoU, depending on the arrangements in it, could open the floodgates, leaving Guyanese businesses without an iota of protection in the oil and gas market. This was followed up by a call to make the document public.
Dismissing these concerns, Greenidge said that TT does not need a MoU to establish itself here. He said, too, that if the TT Prime Minister, Dr. Keith Rowley has announced that the MoU will pave the way for Trinidadian firms to also be successful here, “then nothing is wrong with that.”
The Minister said, “Many TT firms are here without a MoU so I don’t know what they (GCCI) are going on with. This is not the first

Trinidad’s Prime Minister, Dr. Keith Rowley

MoU we are going to sign and before they stand up and start to make allegations that are completely unwarranted, they must look closely at the relations between Guyana and TT.”
In this regard, Greenidge said that between 1975 and 1992, Guyana could not pay for the oil it was importing but TT opted to carry that burden.
The Foreign Affairs Minister said that Guyana cannot seek to improve its bilateral relations with a nation only when it is doing well. He said, “They are our CARICOM sister and they have rights and those rights do not depend on a MoU.”
On that note, Minister Greenidge stressed that the Government will not put a hold on the signing of the agreement.
Trinidad’s Prime Minister, Dr. Keith Rowley is expected to be in Guyana next week to sign the document.

I need to see proof of this. How come if they were still supplying oil even if we couldn't pay were we getting power outages every day and had to line up at the gas station? I seem to remember the no oil because we couldn't pay being a big issue. I could be wrong so anyone having information to the contrary please post.

GTAngler posted:

I need to see proof of this. How come if they were still supplying oil even if we couldn't pay were we getting power outages every day and had to line up at the gas station? I seem to remember the no oil because we couldn't pay being a big issue. I could be wrong so anyone having information to the contrary please post.

we were allowed to run a tab

isn't it obvious that we were getting enough to keep us on life support . . . nothing more

ronan posted:

GTAngler posted:

I need to see proof of this. How come if they were still supplying oil even if we couldn't pay were we getting power outages every day and had to line up at the gas station? I seem to remember the no oil because we couldn't pay being a big issue. I could be wrong so anyone having information to the contrary please post.

we were allowed to run a tab

isn't it obvious that we were getting enough to keep us on life support . . . nothing more

Then whatever deals, MOUs etc. should reflect the same. Life support. Nothing more.

GTAngler posted:

ronan posted:

GTAngler posted:

I need to see proof of this. How come if they were still supplying oil even if we couldn't pay were we getting power outages every day and had to line up at the gas station? I seem to remember the no oil because we couldn't pay being a big issue. I could be wrong so anyone having information to the contrary please post.

we were allowed to run a tab

isn't it obvious that we were getting enough to keep us on life support . . . nothing more

Then whatever deals, MOUs etc. should reflect the same. Life support. Nothing more.

yep

btw, MOUs doan mean wan rass