PNC keeps digging a hole and bankrupting Guyana. They do not know how to save for a rainy day.

LOL

Copycat plus pulling that trash from Guyana Times.

I said from the beginning that that this is a dangerous loan because it has to be payed back. I cannot for the life of me see the PNC doing the same mistakes that they did in the past.  Borrow loans and behave as if these loans are grants. It is history repeating itself.

yuji22 posted:

PNC keeps digging a hole and bankrupting Guyana. They do not know how to save for a rainy day.

Guyana is never out of debt and may never will. Every country borrows money for infrastructure, social, educational development, etc, and Guyana is no exception to the borrowing rules. Your heading speaks for itself. (Afro-Government). 

I see this as an attempt by the PNC to buy the next elections because the oil money will not be available to them before then.  However, I do not think that it will work because there is a long span between project conceptualization and implementation by this government. Since assuming power, they have struggled to implement effectively their public investment programme. There has been some improvement but not enough. 

Django posted:

LOL

Copycat plus pulling that trash from Guyana Times.

So, you have a problem with the comments articulated in the column and the fact that it was from the Times. All of the newspapers in Gutana have their bias, as do others from other countries. What do you see as trash in the column? Impress us with your profound economic analysis!

Zed posted:

Django posted:

LOL

Copycat plus pulling that trash from Guyana Times.

So, you have a problem with the comments articulated in the column and the fact that it was from the Times. All of the newspapers in Gutana have their bias, as do others from other countries. What do you see as trash in the column? Impress us with your profound economic analysis!

Looks like you are a fan of Ramsaroop.

Prince posted:

yuji22 posted:

PNC keeps digging a hole and bankrupting Guyana. They do not know how to save for a rainy day.

Guyana is never out of debt and may never will. Every country borrows money for infrastructure, social, educational development, etc, and Guyana is no exception to the borrowing rules. Your heading speaks for itself. (Afro-Government). 

Borrowing to invest and borrowing to squander are two different things.  This money is to give the PNC a lil hold on until the oil money starts to flow.  If it doesn't then the PPP will have to figure a way to pay it back.  Like they did in 1992 when they inherited a bankrupt, debt laden country from the PNC.

Bibi Haniffa posted:

Prince posted:

yuji22 posted:

PNC keeps digging a hole and bankrupting Guyana. They do not know how to save for a rainy day.

Guyana is never out of debt and may never will. Every country borrows money for infrastructure, social, educational development, etc, and Guyana is no exception to the borrowing rules. Your heading speaks for itself. (Afro-Government). 

Borrowing to invest and borrowing to squander are two different things.  This money is to give the PNC a lil hold on until the oil money starts to flow.  If it doesn't then the PPP will have to figure a way to pay it back.  Like they did in 1992 when they inherited a bankrupt, debt laden country from the PNC.

Of course there are two different things,some of the boys in the PPP were good at squandering.

Seriously though, other than the Durban park fiasco, what has this Coalition government planned and built since taking office in 2015? We were asked to judge them in 100 days. Then that got pushed to a year since Ramjattan argued that he wasn't doing anything until after the Jubilee celebrations because he was too busy with Jubilee celebrations plans. Now is nearly 3 years and Ramjattan still hasn't sobered up from the Jubilee celebrations. 

The PNC will copycat the PPP strategy, with election around the corner the PNC securing funding  to implement their own pre election handouts - OLPF [one laptop per family], food hamper and $10,000 per voter..

ksazma posted:

Seriously though, other than the Durban park fiasco, what has this Coalition government planned and built since taking office in 2015? We were asked to judge them in 100 days. Then that got pushed to a year since Ramjattan argued that he wasn't doing anything until after the Jubilee celebrations because he was too busy with Jubilee celebrations plans. Now is nearly 3 years and Ramjattan still hasn't sobered up from the Jubilee celebrations. 

Here is a Project  not heard of due to it's in the bush.

Django posted:

ksazma posted:

Seriously though, other than the Durban park fiasco, what has this Coalition government planned and built since taking office in 2015? We were asked to judge them in 100 days. Then that got pushed to a year since Ramjattan argued that he wasn't doing anything until after the Jubilee celebrations because he was too busy with Jubilee celebrations plans. Now is nearly 3 years and Ramjattan still hasn't sobered up from the Jubilee celebrations. 

Here is a Project  not heard of due to it's in the bush.

Django bai, maybe it is poor reporting but what exactly is dpi saying? 

Zed posted:

Django posted:

LOL

Copycat plus pulling that trash from Guyana Times.

So, you have a problem with the comments articulated in the column and the fact that it was from the Times. All of the newspapers in Gutana have their bias, as do others from other countries. What do you see as trash in the column? Impress us with your profound economic analysis!

The very first line of the article is incorrect.

"The recent US$900 million loan taken by the Government from the Islamic Development Bank (IsDB) is a source of deep concern; as Guyana’s debt portfolio is slated to take a sharp hike."

http://demerarawaves.com/2018/...g-jagdeos-criticism/

Guyana has not borrowed from Islamic Bank, but US$900 million is available– Finance Ministry, following Jagdeo’s criticism

Posted by: Denis Chabrol in Business, News, Politics April 7, 2018 1 Comment

Finance Minister Winston Jordan

The Ministry of Finance on Saturday said Guyana has not borrowed any money from the Islamic Development Bank (IsDB), but could potentially tap into a total of US$900 million in loans and grants

“Guyana has not received any loans from the Islamic Development Bank,” the Finance Ministry said after Opposition Leader  Bharrat Jagdeo criticised government for borrowing US$900 million from the IsDB as reported in sections of the media.

“Contrary to that conclusion, the IsDB has a resource envelope of US900M that is potentially available from which the Government of the Cooperative Republic of Guyana can borrow,” the Finance Ministry added.

In his speech to the 43^rd Annual Meeting of the IsDB Group, the Finance Ministry said Minister Winston Jordan was clear in his identification of the named sum.

“The current package of potential projects, consisting of proposed grant and loan operations is valued at approximately US$900M. The Government is currently in the process of designing projects to commence accessing some portions of the IsDB resources,” the ministry added.

Opposition Leader Bharrat Jagdeo

The Ministry explained that during the period 27-29 November 2017, the IsDB mounted a mission to Guyana to develop a medium term work plan for the period 2018- 2022. That work plan outlines a pipeline of projects that the Bank can support over the next 5 years.

The potential areas of collaboration between the Bank and the Government of Guyana cover several development sectors including agriculture, banking and finance, human development, energy and rural development.

The Opposition Leader had moments earlier issued a statement criticising government for borrowing US$900 million from the IsDB, accusing the David Granger-led administration of resorting to large scale borrowing to finance the massive national budgets mainly on consumption.

“This failed approach to national economic management was tried in the past. It led to a bankrupt country and resulted  in devastating consequences for our people.   I am sure everyone would recall that the external debt was over 900 per cent of GDP in 1992, which was reduced to 36 per cent of GDP in 2015. They plan to double it again within give years,” said Jagdeo a former Finance Minister.

He said borrowing without feasibility studies and spending haphazardly with no vision or plan, “particularly in the wasteful and corrupt manner that is now the hallmark of the Granger-led Administration will not solve the economic malaise that we face, but lead to pawning the well-being of current and future generations of Guyanese.”

Mars posted:

 

The very first line of the article is incorrect.

"The recent US$900 million loan taken by the Government from the Islamic Development Bank (IsDB) is a source of deep concern; as Guyana’s debt portfolio is slated to take a sharp hike."

http://demerarawaves.com/2018/...g-jagdeos-criticism/

Guyana has not borrowed from Islamic Bank, but US$900 million is available– Finance Ministry, following Jagdeo’s criticism

Posted by: Denis Chabrol in Business, News, Politics April 7, 2018 1 Comment

 

Finance Minister Winston Jordan

The Ministry of Finance on Saturday said Guyana has not borrowed any money from the Islamic Development Bank (IsDB), but could potentially tap into a total of US$900 million in loans and grants

“Guyana has not received any loans from the Islamic Development Bank,” the Finance Ministry said after Opposition Leader  Bharrat Jagdeo criticised government for borrowing US$900 million from the IsDB as reported in sections of the media.

 

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

ksazma posted:

Mars posted:

 

The very first line of the article is incorrect.

"The recent US$900 million loan taken by the Government from the Islamic Development Bank (IsDB) is a source of deep concern; as Guyana’s debt portfolio is slated to take a sharp hike."

http://demerarawaves.com/2018/...g-jagdeos-criticism/

Guyana has not borrowed from Islamic Bank, but US$900 million is available– Finance Ministry, following Jagdeo’s criticism

Posted by: Denis Chabrol in Business, News, Politics April 7, 2018 1 Comment

 

Finance Minister Winston Jordan

The Ministry of Finance on Saturday said Guyana has not borrowed any money from the Islamic Development Bank (IsDB), but could potentially tap into a total of US$900 million in loans and grants

“Guyana has not received any loans from the Islamic Development Bank,” the Finance Ministry said after Opposition Leader  Bharrat Jagdeo criticised government for borrowing US$900 million from the IsDB as reported in sections of the media.

 

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

Speculation! Deal with the reality. No loans have been taken so far. A credit line is available but not yet used. Do you think they could hide $US 900 million if it was already taken?

Mars posted:

ksazma posted:

 

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

Speculation! Deal with the reality. No loans have been taken so far. A credit line is available but not yet used. Do you think they could hide $US 900 million if it was already taken?

Nothing reality about Jordan. His credibility is highly suspect. The granting of a loan does not necessarily mean the full disbursement of that loan.

ksazma posted:

Django posted:

ksazma posted:

Seriously though, other than the Durban park fiasco, what has this Coalition government planned and built since taking office in 2015? We were asked to judge them in 100 days. Then that got pushed to a year since Ramjattan argued that he wasn't doing anything until after the Jubilee celebrations because he was too busy with Jubilee celebrations plans. Now is nearly 3 years and Ramjattan still hasn't sobered up from the Jubilee celebrations. 

Here is a Project  not heard of due to it's in the bush.

Django bai, maybe it is poor reporting but what exactly is dpi saying? 

"The Ministry of Business has responsibility for industrial estates at Lethem, Belvedere, Eccles, and Coldingen. The latter two, which have a combined total of 120 developed plots, houses close to 60 developed estates providing jobs for about 4,000 Guyanese.

The main industries are wood-processing, cement and block-making, food processing, fish processing, furniture manufacturing, metal fabrication and pharmaceuticals.

In the 2016 National Budget, the government allocated $212M for the development and repair of the industrial estates at Belvedere and Lethem."

Bhai,this is what the article says.

ksazma posted:

Mars posted:

ksazma posted:

 

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

Speculation! Deal with the reality. No loans have been taken so far. A credit line is available but not yet used. Do you think they could hide $US 900 million if it was already taken?

Nothing reality about Jordan. His credibility is highly suspect. The granting of a loan does not necessarily mean the full disbursement of that loan.

The Guyana Times article clearly states that the loan was taken. Why don't you tell us what account the money is sitting in if it already taken?

Mars posted:

ksazma posted:

Mars posted:

ksazma posted:

 

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

Speculation! Deal with the reality. No loans have been taken so far. A credit line is available but not yet used. Do you think they could hide $US 900 million if it was already taken?

Nothing reality about Jordan. His credibility is highly suspect. The granting of a loan does not necessarily mean the full disbursement of that loan.

The Guyana Times article clearly states that the loan was taken. Why don't you tell us what account the money is sitting in if it already taken?

I don't think I made any comments about whether the Guyana Times was accurate or not in their reporting. I don't even think I made any such assertions about Jagdeo's comments. Therefore, I have no obligations to support proof of that. I do, however remember stating that Jordan credibility is highly suspect and that was clearly established during his blatant denials of the Exxon Mobil signing bonus.

Django posted:

ksazma posted:

Django posted:

ksazma posted:

Seriously though, other than the Durban park fiasco, what has this Coalition government planned and built since taking office in 2015? We were asked to judge them in 100 days. Then that got pushed to a year since Ramjattan argued that he wasn't doing anything until after the Jubilee celebrations because he was too busy with Jubilee celebrations plans. Now is nearly 3 years and Ramjattan still hasn't sobered up from the Jubilee celebrations. 

Here is a Project  not heard of due to it's in the bush.

Django bai, maybe it is poor reporting but what exactly is dpi saying? 

"The Ministry of Business has responsibility for industrial estates at Lethem, Belvedere, Eccles, and Coldingen. The latter two, which have a combined total of 120 developed plots, houses close to 60 developed estates providing jobs for about 4,000 Guyanese.

The main industries are wood-processing, cement and block-making, food processing, fish processing, furniture manufacturing, metal fabrication and pharmaceuticals.

In the 2016 National Budget, the government allocated $212M for the development and repair of the industrial estates at Belvedere and Lethem."

---

 

Bhai,this is what the article says.

I don't know what that means in relation to that particular construction. 

ksazma posted:

Mars posted:

ksazma posted:

Mars posted:

ksazma posted:

 

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

Speculation! Deal with the reality. No loans have been taken so far. A credit line is available but not yet used. Do you think they could hide $US 900 million if it was already taken?

Nothing reality about Jordan. His credibility is highly suspect. The granting of a loan does not necessarily mean the full disbursement of that loan.

The Guyana Times article clearly states that the loan was taken. Why don't you tell us what account the money is sitting in if it already taken?

I don't think I made any comments about whether the Guyana Times was accurate or not in their reporting. I don't even think I made any such assertions about Jagdeo's comments. Therefore, I have no obligations to support proof of that. I do, however remember stating that Jordan credibility is highly suspect and that was clearly established during his blatant denials of the Exxon Mobil signing bonus.

Most people lie at some time in their life. It does not mean that they are always lying. As an aside Jordan denied the existence of a $20 million signing bonus from Exxon. There never was a $20 million signing bonus from Exxon. If you're denying what Jordan is saying about the Islamic Bank loan not being taken then show us some proof and stop beating around the bush. Otherwise you're just blowing your usual hot air.

Mars posted:

ksazma posted:

Mars posted:

ksazma posted:

Mars posted:

ksazma posted:

 

 

This coming from the ministry headed by Jordan who blatantly lied about the signing bonus until he was forced to acknowledge it after Exxon Mobil confirmed that it existed. Jordan's credibility is highly suspect. Even if this is accurate, accepting anything that Jordan says is difficult. Maybe we will find out later that the USD900M is also in a Defense Savings Bond account. 

Speculation! Deal with the reality. No loans have been taken so far. A credit line is available but not yet used. Do you think they could hide $US 900 million if it was already taken?

Nothing reality about Jordan. His credibility is highly suspect. The granting of a loan does not necessarily mean the full disbursement of that loan.

The Guyana Times article clearly states that the loan was taken. Why don't you tell us what account the money is sitting in if it already taken?

I don't think I made any comments about whether the Guyana Times was accurate or not in their reporting. I don't even think I made any such assertions about Jagdeo's comments. Therefore, I have no obligations to support proof of that. I do, however remember stating that Jordan credibility is highly suspect and that was clearly established during his blatant denials of the Exxon Mobil signing bonus.

Most people lie at some time in their life. It does not mean that they are always lying. As an aside Jordan denied the existence of a $20 million signing bonus from Exxon. There never was a $20 million signing bonus from Exxon. If you're denying what Jordan is saying about the Islamic Bank loan not being taken then show us some proof and stop beating around the bush. Otherwise you're just blowing your usual hot air.

I don't have the responsibility to provide any proof. In regard to that $20M bonus, those siding with the Coalition government were also badgering Ram to provide proof which he very sensibly stayed from letting tine provide the proof that Jordan was lying. Whether it was $20M or $18M does not relieve Jordan of the fact that he lied about it. And yes, I am always blowing off hot air. The difference is that I don't owe anyone any explanations for doing so.

While the discussion of this article is good, the title is racist...after all, the US has trillion dollar debt, and I don't think they are an Afro govt....

ksazma posted:

Mars posted:

Most people lie at some time in their life. It does not mean that they are always lying. As an aside Jordan denied the existence of a $20 million signing bonus from Exxon. There never was a $20 million signing bonus from Exxon. If you're denying what Jordan is saying about the Islamic Bank loan not being taken then show us some proof and stop beating around the bush. Otherwise you're just blowing your usual hot air.

I don't have the responsibility to provide any proof. In regard to that $20M bonus, those siding with the Coalition government were also badgering Ram to provide proof which he very sensibly stayed from letting tine provide the proof that Jordan was lying. Whether it was $20M or $18M does not relieve Jordan of the fact that he lied about it. And yes, I am always blowing off hot air. The difference is that I don't owe anyone any explanations for doing so.

Thanks for the explanation that you're just blowing hot air as usual. 

Mars posted:

ksazma posted:

Mars posted:

Most people lie at some time in their life. It does not mean that they are always lying. As an aside Jordan denied the existence of a $20 million signing bonus from Exxon. There never was a $20 million signing bonus from Exxon. If you're denying what Jordan is saying about the Islamic Bank loan not being taken then show us some proof and stop beating around the bush. Otherwise you're just blowing your usual hot air.

I don't have the responsibility to provide any proof. In regard to that $20M bonus, those siding with the Coalition government were also badgering Ram to provide proof which he very sensibly stayed from letting tine provide the proof that Jordan was lying. Whether it was $20M or $18M does not relieve Jordan of the fact that he lied about it. And yes, I am always blowing off hot air. The difference is that I don't owe anyone any explanations for doing so.

Thanks for the explanation that you're just blowing hot air as usual. 

You are most welcome.

Django posted:

Zed posted:

Django posted:

LOL

Copycat plus pulling that trash from Guyana Times.

So, you have a problem with the comments articulated in the column and the fact that it was from the Times. All of the newspapers in Gutana have their bias, as do others from other countries. What do you see as trash in the column? Impress us with your profound economic analysis!

Looks like you are a fan of Ramsaroop.

Looks like you need remedial literacy instructions if that is what you got from my post!

Zed posted:

Django posted:

Zed posted:

Django posted:

LOL

Copycat plus pulling that trash from Guyana Times.

So, you have a problem with the comments articulated in the column and the fact that it was from the Times. All of the newspapers in Gutana have their bias, as do others from other countries. What do you see as trash in the column? Impress us with your profound economic analysis!

Looks like you are a fan of Ramsaroop.

Looks like you need remedial literacy instructions if that is what you got from my post!

Sir,you can keep that nonsense for your circles.

You jumped in to defend trash from a so called economic adviser of the PPP,turns out they are like drowning ants.

Django posted:

You jumped in to defend trash from a so called economic adviser of the PPP, turns out they are like drowning ants.

The brother looks like he has a pretty decent resume though.

ksazma posted:

Django posted:

You jumped in to defend trash from a so called economic adviser of the PPP, turns out they are like drowning ants.

The brother looks like he has a pretty decent resume though.

Questionable,there was a discussion on GNI.

https://guyana.crowdstack.io/topic/di...or-to-greenleaf-univ

https://guyana.crowdstack.io/topic/is...oes-he-even-have-any

Django posted:

ksazma posted:

Django posted:

You jumped in to defend trash from a so called economic adviser of the PPP, turns out they are like drowning ants.

The brother looks like he has a pretty decent resume though.

Questionable,there was a discussion on GNI.

https://guyana.crowdstack.io/topic/di...or-to-greenleaf-univ

https://guyana.crowdstack.io/topic/is...oes-he-even-have-any

The PPP harassed him when he was aligned with the PNC. They burnt down his business and tried to charge him with peeping on his tenant. Suddenly he jumped ship for the 2015 elections and ran with the PPP.

Wasn't Green Leaf a Shamir Ally outfit where you purchase MBA's for 25k?

Django posted:

ksazma posted:

Django posted:

You jumped in to defend trash from a so called economic adviser of the PPP, turns out they are like drowning ants.

The brother looks like he has a pretty decent resume though.

Questionable,there was a discussion on GNI.

https://guyana.crowdstack.io/topic/di...or-to-greenleaf-univ

https://guyana.crowdstack.io/topic/is...oes-he-even-have-any

I was referring to the University of Missouri MBA as well as his military record. Shaitaan used to go and come so you have to be mindful of what he writes. 

Mars posted:

Django posted:

ksazma posted:

Django posted:

You jumped in to defend trash from a so called economic adviser of the PPP, turns out they are like drowning ants.

The brother looks like he has a pretty decent resume though.

Questionable,there was a discussion on GNI.

https://guyana.crowdstack.io/topic/di...or-to-greenleaf-univ

https://guyana.crowdstack.io/topic/is...oes-he-even-have-any

The PPP harassed him when he was aligned with the PNC. They burnt down his business and tried to charge him with peeping on his tenant. Suddenly he jumped ship for the 2015 elections and ran with the PPP.

Politics as usual. Even Moses shouted that he was have to be a nemak-haram to join the AFC and lo and behold, he did become a nemak-haram and joined the AFC.

Riff posted:

While the discussion of this article is good, the title is racist...after all, the US has trillion dollar debt, and I don't think they are an Afro govt....

Loan will be a mortgage on Guyana’s future – economic advisor

   Show me how this title is RACIST.

yuji22 posted:

PNC keeps digging a hole and bankrupting Guyana. They do not know how to save for a rainy day.

The PPP left the state 2 billion in the hole with a devastated industrial landscape with every industry failing or with a history of failures. As insipid as the Granger's regime they are not on trajectory to do worse than the PPP. The reason one is disgusted with them is they use the PPP as a benchmark and that is saying nothing and engendering disgust.

Mars posted:

Django posted:

ksazma posted:

Django posted:

You jumped in to defend trash from a so called economic adviser of the PPP, turns out they are like drowning ants.

The brother looks like he has a pretty decent resume though.

Questionable,there was a discussion on GNI.

https://guyana.crowdstack.io/topic/di...or-to-greenleaf-univ

https://guyana.crowdstack.io/topic/is...oes-he-even-have-any

The PPP harassed him when he was aligned with the PNC. They burnt down his business and tried to charge him with peeping on his tenant. Suddenly he jumped ship for the 2015 elections and ran with the PPP.

One from whom much was promised and little received. I met him in the summer of  79. He is an outgoing chap while his brother more with the personality and drives of our mutual friend Reggie.

Django posted:

Zed posted:

Django posted:

LOL

Copycat plus pulling that trash from Guyana Times.

So, you have a problem with the comments articulated in the column and the fact that it was from the Times. All of the newspapers in Gutana have their bias, as do others from other countries. What do you see as trash in the column? Impress us with your profound economic analysis!

Looks like you are a fan of Ramsaroop.

Bai, the man asked you to dazzle us with your brilliance. Instead, you try to baffle us with your regular bullsh*t. When you start branding, make sure you have hard facts to back up your your hollow analysis.

Baseman posted:

Wasn't Green Leaf a Shamir Ally outfit where you purchase MBA's for 25k?

Hey hey hey...