Guyana, China Sign Funding Deal

By: - September 13th, 2011

Above: President Bharrat Jagdeo speaking at the forum (Photo: GIA)

Guyana and China signed an agreement today for a $4.68 million grant, the same amount agreed upon between China and Antigua on an economic cooperation deal.

Finance Minister Ashni Singh signed the agreement on behalf of Guyana, with China’s Minister of Commerce, Chen Deming, signing for his country.

Guyana is represented at the ongoing China-Caribbean Economic and Trade Cooperation Forum by a delegation of government ministers including President Bharrat Jagdeo, along with 30 Guyanese business executives.

Jagdeo called on the Caribbean to pursue a collective, non-reciprocal trade agreement or partial scope agreement with China, similar to the one between Guyana and Brazil.

–Guyana Information Agency

Guyana

China to Loan Caribbean $1 Billion

Above: China Vice Premier Wang Qishan and Trinidad PM Kamla Persad-Bissessar (Photo: TGISL) By the Caribbean Journal staff China Vice Premier Wang Qishan announced that the country would be providing $1 billion in loans to the Caribbean to support investment and development in the region. Wang was speaking at the opening of the 3rd China-Caribbean […]

Guyana

Isadore Sharp, Founder of Four Seasons, on the Caribbean, Social Media and the Future

Above: Isadore Sharp (Photo: Four Seasons) By Alexander Britell In 1961, Isadore Sharp was a neophyte in the hospitality industry who had just opened his first property in Toronto. Fifty years later, the company he founded and built, Four Seasons, is at the top of the global luxury hotel industry, with hotels across the world, […]

Guyana

China-Caribbean Forum Begins in Trinidad

Above: Trinidad Minister Stephen Cadiz and Chinese Ambassador Yang Youming at the opening of the forum (Photo: China Ministry of Commerce Website) By the Caribbean Journal staff The China-Caribbean Economic and Trade Cooperation Forum is set to begin Monday for a two-day meeting covering a wide range of Sino-Caribbean agendas. China Vice Premier Wang Qishan […]

Richard Branson Opens Entrepreneurship Centre in Jamaica's Montego Bay

 Above: Sir Richard Branson (Photo: Virgin) The Sir Richard Branson Centre of Entrepreneurship has opened in Montego Bay, Jamaica. The centre, which was established by the Virgin Group billionaire at a cost of approximately $3.5 million, is supported by several benefactors, including Island Records’ Chris Blackwell. The centre opened its doors Thursday to 14 budding […]

Cayman Looks at Minimum Wage

Following the lead of Grenada, Cayman Islands lawmakers voted to support the introduction of a minimum wage of $5.83 per hour for workers in the islands. The motion to amend the country’s Labour Law was brought by MP Ezzard Miller. The amount will be reviewed every five years for possible amendment. Education Minister Rolston Angling […]

IDB Loans Guyana $5M for Electricity

Above: Sir Richard Branson (Photo: Virgin) The Sir Richard Branson Centre of Entrepreneurship has opened in Montego Bay, Jamaica. The centre, which was established by the Virgin Group billionaire at a cost of approximately $3.5 million, is supported by several benefactors, including Island Records’ Chris Blackwell. The centre opened its doors Thursday to 14 budding […]

World Bank Loans Jamaica $100M

 By the Caribbean Journal staff The World Bank announced that its board of executive directors had approved a $100 million, 18.5-year loan to Jamaica. The loan will support a series of measures in the country aimed at enhancing fiscal and debt sustainability, increasing financial management efficiency and improving the effectiveness of the tax system. “Jamaica […]