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FM
Former Member

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

 

US$900M loan

…warns Govt over staking debt on oil sector

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.
This is according to the Opposition’s economic advisor, Peter Ramsaroop. However, while an agreement has reportedly not yet been inked, he on Friday expressed worry over plans to borrow such huge sums.
“It is clear. The Guyana Government has now begun to borrow enormous sums of money based on a promise of oil revenues. Every advisor, including the Leader of the political Opposition, Bharrat Jagdeo, has consistently warned this Administration against contracting unsustainable loans based on the promise of an extremely volatile export – crude.”
“There is no other reason the Islamic Development Bank would front Guyana US$900 million – a country with a proven track record of the inability to spend far

Finance Minister Winston Jordan

less in a given year – now, to spend on a work programme to be completed between this year and 2020, seems far-fetched,” he pointed out.
For perspective, Ramsroop made reference to the state of the art Skeldon Sugar factory which cost US$100 million.
“The Amaila Falls Hydro Electric Project – a project that would have revolutionised this country was projected to cost US$800 million. The David Granger Government railed against this project saying taking on such a high loan and raising the legislative debt ceiling guarantees for Government was excessive and would have been a burden on this nation for ages to come.”
It was announced that the IsDB has, for the period 2018 to 2020, committed to providing Guyana with financial and technical assistance to the tune of US$900 million. This, it was made known, would be directed into the country’s key development areas to assist with its plans for continued social and economic development.
This disclosure was made by Finance Minister Winston Jordan during his address at the 43rd Annual Meeting of the IsDB Group in Tunisia. According to the Minister, this money will aid Government’s plans in a meaningful way, as it would give direct support to several Government programmes in many developmental areas.

Economist Peter Ramsaroop

“The Bank fielded a programming mission in December 2017, where a work programme for the three-year period 2018-2020 was formalised. Financing and technical assistance of about US$900 million will be directed to key development areas; including economic infrastructure, rural development, human development, and trade and competitiveness,” the Minister explained.
Jordan claimed that Government has been steadfast in its resolve to ensure growth in the economy. That resolve, according to him, resulted in economic growth averaging about three per cent between 2015 and 2017.

https://guyanatimesgy.com/loan...re-economic-advisor/

Replies sorted oldest to newest

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.

Prashad
Last edited by Prashad
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). 

FM

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. 

Z
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!

Z
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.

Django
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
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.

Django

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. 

FM

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..

sachin_05
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
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? 

FM
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

 

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 43rd 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
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

 

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. 

FM
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

 

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
Last edited by Mars
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.

FM
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.

Django
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
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.

FM
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. 

FM
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
Last edited by Mars
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.

FM
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
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.

FM
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!

Z
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
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.

FM
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.

Mars
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. 

FM
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.

FM
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.

K
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.

FM
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.

FM
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.

FM
yuji22 posted:

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

They inherited a debt of 2B from the PPP. Guyana was already bankrupted financially and morally.

Mitwah
skeldon_man 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.

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.

Don't need to bother with you.They jumped in without getting the facts.

Django

Islamic Development Bank charges 2.5 percent interest that they call fees. You have about 30 years to pay back the loan and fee. Non of these fellows who took the loan will be around then. Not their problem.

 

Prashad
Last edited by Prashad
Django posted:
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.

My observation regarding your literacy needs remains valid. Where did I defend anyone.

Also, of  which circle are you referring? I thought this was an open forum for members. 

Still awaiting your economic analysis to counter what the guy said. Or are you stumped and can just throw inane statements without being able to back up what you posted?

Z
Zed posted:
Django posted:
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.

My observation regarding your literacy needs remains valid. Where did I defend anyone.

Also, of  which circle are you referring? I thought this was an open forum for members. 

Still awaiting your economic analysis to counter what the guy said. Or are you stumped and can just throw inane statements without being able to back up what you posted?

Keep that to yourself.

Indeed it's an open forum,bear in mind condescending behavior, not tolerated in my book.

I have done my analysis and have nothing to prove to you.Your challenge is a defense of  Ramsaroop.

Have a great evening.

Django
Last edited by Django
Django posted:
Zed posted:
Django posted:
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.

My observation regarding your literacy needs remains valid. Where did I defend anyone.

Also, of  which circle are you referring? I thought this was an open forum for members. 

Still awaiting your economic analysis to counter what the guy said. Or are you stumped and can just throw inane statements without being able to back up what you posted?

Keep that to yourself.

Indeed it's an open forum,bear in mind condescending behavior, not tolerated in my book.

I have done my analysis and have nothing to prove to you.Your challenge is a defense of  Ramsaroop.

Have a great evening.

Somehow I won't put you and the word analysis in the same sentence but since you did it please share the results.  

Bibi Haniffa
Mitwah posted:
yuji22 posted:

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

They inherited a debt of 2B from the PPP. Guyana was already bankrupted financially and morally.

As long as the debt service ratio remains healthy and the projects funded by the debt benefits future generations, it's good debt.

Baseman
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 thePPP 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.

I would accept if you tell me there may be some unaccountability with the loan, but don't tell me the purpose of the loan is for squandering. You mech me hand fall with your logic. 

On the highlighted: When any candidate running for president, he will inherit whatever debt remain from the previous administration. If by chance the PPP wins, they will also inherit the oil and gas revenues. 

 

FM
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

Django
Django posted:
Zed posted:
Django posted:
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.

My observation regarding your literacy needs remains valid. Where did I defend anyone.

Also, of  which circle are you referring? I thought this was an open forum for members. 

Still awaiting your economic analysis to counter what the guy said. Or are you stumped and can just throw inane statements without being able to back up what you posted?

Keep that to yourself.

Indeed it's an open forum,bear in mind condescending behavior, not tolerated in my book.

I have done my analysis and have nothing to prove to you.Your challenge is a defense of  Ramsaroop.

Have a great evening.

My challenge to you was to put it or shut up. Heck, you cannot even understand the simple thing I posted. How can you understand what the man was saying or even analyze it.

i will let you go for now but my advice to you, as it has always been, is think before you post!

Z
Zed posted:
Django posted:
Zed posted:
Django posted:
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.

My observation regarding your literacy needs remains valid. Where did I defend anyone.

Also, of  which circle are you referring? I thought this was an open forum for members. 

Still awaiting your economic analysis to counter what the guy said. Or are you stumped and can just throw inane statements without being able to back up what you posted?

Keep that to yourself.

Indeed it's an open forum,bear in mind condescending behavior, not tolerated in my book.

I have done my analysis and have nothing to prove to you.Your challenge is a defense of  Ramsaroop.

Have a great evening.

My challenge to you was to put it or shut up. Heck, you cannot even understand the simple thing I posted. How can you understand what the man was saying or even analyze it.

i will let you go for now but my advice to you, as it has always been, is think before you post!

There you go again,what's difficult to understand from your post or the mediocre piece from the man, Economic Adviser of the PPP.

Your last sentence isn't worthy of a response.

Django
Last edited by Django
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

Django agrees with everything the PNC does. PNC can do no wrong. Granger can shoot someone in the public for just standing there and his boy Djangy will justify his actions.

FM
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Bibi Haniffa
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

That fella is a soup drinker hopping from one place to the other.The mediocre piece is a cheap shot at the Coalition Gov't.

He took first jump to comment when it was revealed the Gov't will get US$900M loan during a period of time for developmental projects from the Islamic Bank,it was mediocre to link the paying back from oil revenue.

The people of Guyana need to keep watch on how much is borrowed from the amount, how and where it's spent,there are some kleptos around.

Django
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

Django
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

My first guess is that you work with Exxon and you are an expert in deep water drilling.  Am I right?  

Bibi Haniffa
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

Bai Django, wah rass you ah taak hey. You telling the man to look for something that's not there? You think if we do a search we might find out that you are related to Einstein, Mathma Gandhi or MLK?

FM
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

My first guess is that you work with Exxon and you are an expert in deep water drilling.  Am I right?  

Keep on guessing.

Django
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

My first guess is that you work with Exxon and you are an expert in deep water drilling.  Am I right?  

Keep on guessing.

Nah man.  The other searches are showing pornographic stuff and I want to keep this site clean.  Admin watching me.

Bibi Haniffa
skeldon_man posted:
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

Django agrees with everything the PNC does. PNC can do no wrong. Granger can shoot someone in the public for just standing there and his boy Djangy will justify his actions.

He is the Sarah Huckabee Saunders for Granger.

K
Last edited by kp
kp posted:
skeldon_man posted:
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

Django agrees with everything the PNC does. PNC can do no wrong. Granger can shoot someone in the public for just standing there and his boy Djangy will justify his actions.

He is the Sarah Huckabee for Granger.

When Sarah goes "ah ah" you know she is going to lie. You want to put our Djangy bai in that category?

FM
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

My first guess is that you work with Exxon and you are an expert in deep water drilling.  Am I right?  

Keep on guessing.

Nah man.  The other searches are showing pornographic stuff and I want to keep this site clean.  Admin watching me.

Search nah,wha kind of keyword you using hitting the porn site? use good wan nah.

Django
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
Django posted:

 

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

My first guess is that you work with Exxon and you are an expert in deep water drilling.  Am I right?  

That is my cousin’s husband!

Baseman
skeldon_man posted:
kp posted:
skeldon_man posted:
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

Django agrees with everything the PNC does. PNC can do no wrong. Granger can shoot someone in the public for just standing there and his boy Djangy will justify his actions.

He is the Sarah Huckabee for Granger.

When Sarah goes "ah ah" you know she is going to lie. You want to put our Djangy bai in that category?

Oww bhai Skelly and KP ,why you putting down the brother.

I man don't like lying folks and bhai don't think i am all for the Granger Gov't.

Django
Last edited by Django
Django posted:
skeldon_man posted:
kp posted:
skeldon_man posted:
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

Django agrees with everything the PNC does. PNC can do no wrong. Granger can shoot someone in the public for just standing there and his boy Djangy will justify his actions.

He is the Sarah Huckabee for Granger.

When Sarah goes "ah ah" you know she is going to lie. You want to put our Djangy bai in that category?

Oww bhai Skelly,why you putting down the brother.

I man don't like lying folks and bhai don't think i am all for the Granger Gov't.

Brother Djangy, you need to be more visible criticizing the wrongs of the government. I have said that the PPP(especially Ramotar and GAWU) were responsible for the demise of the sugar workers. And yes, they took care of their friends.

FM
skeldon_man posted:
Django posted:
Bibi Haniffa posted:
Django posted:
Bibi Haniffa posted:
 

Somehow I won't put you and the wordanalysis in the same sentence but since you did it please share the results.  

That tells how much you know Django,that's is one of the earlier subjects in my field of study and it very deep.

What’s your field of study and how deep did you go?  

Search nah and see if can dig up some info.

Bai Django, wah rass you ah taak hey. You telling the man to look for something that's not there? You think if we do a search we might find out that you are related to Einstein, Mathma Gandhi or MLK?

Oye cut that out,calling Bibi a man.

Django
skeldon_man posted:
Django posted:
skeldon_man posted:
kp posted:
skeldon_man posted:
Zed posted:

Please let us know what your analysis indicate and with what you disagree. Did you disagree with him when he was with the AFC and the PNC?

put something on the table nah.

Django agrees with everything the PNC does. PNC can do no wrong. Granger can shoot someone in the public for just standing there and his boy Djangy will justify his actions.

He is the Sarah Huckabee for Granger.

When Sarah goes "ah ah" you know she is going to lie. You want to put our Djangy bai in that category?

Oww bhai Skelly,why you putting down the brother.

I man don't like lying folks and bhai don't think i am all for the Granger Gov't.

Brother Djangy, you need to be more visible criticizing the wrongs of the government. I have said that the PPP(especially Ramotar and GAWU) were responsible for the demise of the sugar workers. And yes, they took care of their friends.

Arright bhai,will hammer them more.

Guess you miss when it's done.

Django
Last edited by Django
Baseman posted:

Django, you need to bold and highlight because dem bannas right, you 110% Pnc even though dem doing nuff shyte!!

Bhai,you know my take regarding the PPP after Dr.C.B Jagan demise.

Django
Zed posted:

Django, still awaiting your economic analysis. I hope that your last response was not it .

 

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

 

US$900M loan

…warns Govt over staking debt on oil sector

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.
This is according to the Opposition’s economic advisor, Peter Ramsaroop. However, while an agreement has reportedly not yet been inked, he on Friday expressed worry over plans to borrow such huge sums.
“It is clear. The Guyana Government has now begun to borrow enormous sums of money based on a promise of oil revenues. Every advisor, including the Leader of the political Opposition, Bharrat Jagdeo, has consistently warned this Administration against contracting unsustainable loans based on the promise of an extremely volatile export – crude.”
“There is no other reason the Islamic Development Bank would front Guyana US$900 million – a country with a proven track record of the inability to spend far

Finance Minister Winston Jordan

less in a given year – now, to spend on a work programme to be completed between this year and 2020, seems far-fetched,” he pointed out.
For perspective, Ramsroop made reference to the state of the art Skeldon Sugar factory which cost US$100 million.
“The Amaila Falls Hydro Electric Project – a project that would have revolutionised this country was projected to cost US$800 million. The David Granger Government railed against this project saying taking on such a high loan and raising the legislative debt ceiling guarantees for Government was excessive and would have been a burden on this nation for ages to come.”
It was announced that the IsDB has, for the period 2018 to 2020, committed to providing Guyana with financial and technical assistance to the tune of US$900 million. This, it was made known, would be directed into the country’s key development areas to assist with its plans for continued social and economic development.
This disclosure was made by Finance Minister Winston Jordan during his address at the 43rd Annual Meeting of the IsDB Group in Tunisia. According to the Minister, this money will aid Government’s plans in a meaningful way, as it would give direct support to several Government programmes in many developmental areas.

Economist Peter Ramsaroop

“The Bank fielded a programming mission in December 2017, where a work programme for the three-year period 2018-2020 was formalised. Financing and technical assistance of about US$900 million will be directed to key development areas; including economic infrastructure, rural development, human development, and trade and competitiveness,” the Minister explained.
Jordan claimed that Government has been steadfast in its resolve to ensure growth in the economy. That resolve, according to him, resulted in economic growth averaging about three per cent between 2015 and 2017.


 

https://guyana.crowdstack.io/topic/mi...-have-to-be-designed


 

Here is a recap,take a look at both articles,posted are the article from the Economic Adviser and the link from the Finance Minister.

The Economic Advisor is all over the place,he jumped too quick to score cheap political points.

Does the US$100M State of the art Skeldon Factory up to par or is a white Elephant ?

The US$800M,Amelia Hydro is an over priced project.

Django
Last edited by Django
Mitwah posted:
Zed posted:

Is that your economic analysis? Well, now I know!!

Have a good evening!

LOL! Classical kop out. 

One can only kill a pacu and salt it once. After that, it is an exercise in futility. 

Nice day in Guyana today. Good weather, a nice breeze, looking at the ocean  and maybe some coconut water later today.

Z
Zed posted:
Mitwah posted:
Zed posted:

Is that your economic analysis? Well, now I know!!

Have a good evening!

LOL! Classical kop out. 

One can only kill a pacu and salt it once. After that, it is an exercise in futility. 

Nice day in Guyana today. Good weather, a nice breeze, looking at the ocean  and maybe some coconut water later today.

Ha..ha..like the first sentence.

I am working on a personal  project  with data from 2012 census that need some proof reading,you waan help out,i can attach the file in PM.

Django
Last edited by Django
Zed posted:
Mitwah posted:
Zed posted:

Is that your economic analysis? Well, now I know!!

Have a good evening!

LOL! Classical kop out. 

One can only kill a pacu and salt it once. After that, it is an exercise in futility. 

Nice day in Guyana today. Good weather, a nice breeze, looking at the ocean  and maybe some coconut water later today.

From where you are standing, can you see the oil block that Ramotar gave to your relative? 

Mitwah
Mitwah posted:
Zed posted:
Mitwah posted:
Zed posted:

Is that your economic analysis? Well, now I know!!

Have a good evening!

LOL! Classical kop out. 

One can only kill a pacu and salt it once. After that, it is an exercise in futility. 

Nice day in Guyana today. Good weather, a nice breeze, looking at the ocean  and maybe some coconut water later today.

From where you are standing, can you see the oil block that Ramotar gave to your relative? 

LOL

Django
Mitwah posted:
Zed posted:
Mitwah posted:
Zed posted:

Is that your economic analysis? Well, now I know!!

Have a good evening!

LOL! Classical kop out. 

One can only kill a pacu and salt it once. After that, it is an exercise in futility. 

Nice day in Guyana today. Good weather, a nice breeze, looking at the ocean  and maybe some coconut water later today.

From where you are standing, can you see the oil block that Ramotar gave to your relative? 

Ramotar gave construction company oil block, operations at standstill

NABI Oil and Gas Inc, whose parent company is NABI Construction, was able to secure an oil block in the Guyana Basin. The company was given the block less than two years after it was set up in October 2010.
By June 2012 President Donald Ramotar and Company Secretary/Director of Nabi Oil and Gas Inc., Rafael S. Nabi, had already signed an agreement similar to other existing contracts.
The company was granted a lease for 2,300 square kilometres onshore in the Mahaica-Mahaicony, East Coast Demerara area. This area is considered part of the Guyana Basin which encompasses both onshore and offshore.
According to the Ministry of Natural Resources, the company’s activities are dormant.
The Ministry said that during the last quarter of 2013, the company conducted a geochemistry survey and was supposed to be analyzing the data it had gathered, but “the company’s activities have been dormant since that time.”
The Ministry also released the Production Sharing Agreement (PSA) that was signed in 2012. That agreement did not include a signing bonus. It features a cost-recovery ceiling of 70 per cent pegged on the price of oil being US$100 and above per barrel and 75 per cent should the price fall below US$100.
The remaining 25 per cent or 30 percent portion of profit oil will be split between the contractor and Government on a 50/50 basis if production remains below 50,000 barrels per day. Should it top that level, the production will be shared on a 55/45 in favour of Government. Royalty is one per cent payable from the Government’s share of the profits.
The PSA also features a Stability Clause similar to those in the ExxonMobil, CGX and Tullow/Eco-Atlantic contract.
Nabi’s contract also features the cheapest annual licence fee when compared to the other contracts. That company has to pay US$10,000 per year.


 

Wait a minute just saw this article in Kaieteur News

Django
Django posted:
Zed posted:
Mitwah posted:
Zed posted:

Is that your economic analysis? Well, now I know!!

Have a good evening!

LOL! Classical kop out. 

One can only kill a pacu and salt it once. After that, it is an exercise in futility. 

Nice day in Guyana today. Good weather, a nice breeze, looking at the ocean  and maybe some coconut water later today.

Ha..ha..like the first sentence.

I am working on a personal  project  with data from 2012 census that need some proof reading,you waan help out,i can attach the file in PM.

I am trying to slow down instead of adding to my work load which has been heavy over the past few months. sorry, but cannot do.

Z
Django posted:
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.

Djanjo , the PPP took Guyana out the slums .

PNC in government NOW  , why PPP becomes part of this discussion .

as I have said before and will repeat , you are the chief to sway from the subject when it concern your buddy at Congress place .

Banna I want to believe you rass dreaming BJ and PPP .. you can’t sleep in the night .. no wonder 5 AM you start you morning prayers on GNI ..lol

FM
Dave posted:
Django posted:
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.

Djanjo , the PPP took Guyana out the slums .

PNC in government NOW  , why PPP becomes part of this discussion .

as I have said before and will repeat , you are the chief to sway from the subject when it concern your buddy at Congress place .

Banna I want to believe you rass dreaming BJ and PPP .. you can’t sleep in the night .. no wonder 5 AM you start you morning prayers on GNI ..lol

The PPP bhais clean as a whistle.

What skvunt you talking i was there until 1996,

what slums was Guyana ??

Who you fooling.

Looks like you watchman Django.

Django
Last edited by Django
Django posted:
Dave posted:
Django posted:
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.

Djanjo , the PPP took Guyana out the slums .

PNC in government NOW  , why PPP becomes part of this discussion .

as I have said before and will repeat , you are the chief to sway from the subject when it concern your buddy at Congress place .

Banna I want to believe you rass dreaming BJ and PPP .. you can’t sleep in the night .. no wonder 5 AM you start you morning prayers on GNI ..lol

The PPP bhais clean as a whistle.

What skvunt you talking i was there until 1996,

what slums was Guyana ??

Who you fooling.

Looks like you watchman Django.

Somebody needs to whip your ass in shape.

FM
Django posted:
Dave posted:
Django posted:
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.

Djanjo , the PPP took Guyana out the slums .

PNC in government NOW  , why PPP becomes part of this discussion .

as I have said before and will repeat , you are the chief to sway from the subject when it concern your buddy at Congress place .

Banna I want to believe you rass dreaming BJ and PPP .. you can’t sleep in the night .. no wonder 5 AM you start you morning prayers on GNI ..lol

The PPP bhais clean as a whistle.

What skvunt you talking i was there until 1996,

what slums was Guyana ??

Who you fooling.

Looks like you watchman Django.

Me nah watchman you bai , just want to make sure  you alive ... me see them bai tossing you backside in all corner . 

Why you so scratchy .. you gon pop that blood vessel old man . 

FM
Dave posted:
 

Me nah watchman you bai , just want to make sure  you alive ... me see them bai tossing you backside in all corner . 

Why you so scratchy .. you gon pop that blood vessel old man . 

Tossing you kidding !!

I man good bhai,don't take on any pressure.

Django
Last edited by Django
Dave posted:
Django posted:
Dave posted:
Django posted:
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.

Djanjo , the PPP took Guyana out the slums .

PNC in government NOW  , why PPP becomes part of this discussion .

as I have said before and will repeat , you are the chief to sway from the subject when it concern your buddy at Congress place .

Banna I want to believe you rass dreaming BJ and PPP .. you can’t sleep in the night .. no wonder 5 AM you start you morning prayers on GNI ..lol

The PPP bhais clean as a whistle.

What skvunt you talking i was there until 1996,

what slums was Guyana ??

Who you fooling.

Looks like you watchman Django.

Me nah watchman you bai , just want to make sure  you alive ... me see them bai tossing you backside in all corner . 

Why you so scratchy .. you gon pop that blood vessel old man . 

Them AFC bannas dropping, Moses now Charrandass.

K

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