Guyana, Canada Talk Investment

By: - December 14th, 2011

Above: Environment Minister Robert Persaud and Canadian High Commissioner David Devine (Photo: GINA)

By the Caribbean Journal staff

Guyanese Natural Resources Minister Robert Persaud joined Canadian High Commissioner David Devine at a video conference with Canadian investors yesterday.

Persaud said the government was open to continued work with Canadian investors, with whom it has partnered on several projects, including a high-profile gold mining deal last month with Sandspring Resources. https://www.caribjournal.com2011/11/10/guyana-canadian-firm-sign-gold-deal/]

“Guyana’s natural resources setter is a very important sector for our economy, particularly in the areas of mining,” Persaud said. “All aspects of it such as gold, diamond and manganese, and the exploration activities of oil and gas.”

Guyanese President Donald Ramotar recently said Guyana needed a more streamlined, integrated approach to the management of its natural resources.

According to Persaud, the government was pleased with the contributions of Canadian investors in the country.

“We are very appreciative of the contributions so far,” he said. “Our government is open for business, more so for increased activities within the mining sector. We want to let every single investor feel comfortable.”

News

Cayman Islands Named Top Domicile for Hedge Funds: Report

By the Caribbean Journal staff The Cayman Islands has been named the most-favoured domicile for hedge funds, according to Hedge Funds Review’s Service Providers Rankings. The survey, which was completed by more than 1,000 hedge funds, fund of funds and investors, was completed between Oct. 4 and Oct. 28. Cayman beat out Luxembourg, with 52.9 […]

News

Bouterse, LaRocque Meet in Suriname

Above: Suriname President Desi Bouterse (UN Photo/Marco Castro) By the Caribbean Journal staff Suriname President and Incoming CARICOM Chairman Desi Bouterse met with Secretary General Irwin LaRocque in Surianme today as part of the latter’s two-day visit in the country. Bouterse will become chairman on Jan. 1, 2012, and will hold the position for six […]

News

Caribbean Airlines Adds New Aircraft to Grenada Route

By the Caribbean Journal staff Caribbean Airlines has added a new ATR turbo aircraft to its Grenada route, with the first flight last week from Port of Spain. The 68-seater is part of a new fleet of planes introduced by the company. It’s a development that consolidates what Grenadian Aviation Minister Peter David said was […]


IMF: St Kitts and Nevis Met Performance Targets, Despite Weak Growth

Above: Charlestown, Nevis (Photo: CJ) By the Caribbean Journal staff The Federation of St Kitts and Nevis has met all quantitative performance targets through September 2011, according to the International Monetary Fund. The targets were met despite what the IMF described as “continued weakness in real output growth.” “The revenue enhancement measures implemented last year […]

World Bank Delegation Heads to Antigua

Above: Antigua’s Parliament By the Caribbean Journal staff A delegation from the World Bank is returning to Antigua and Barbuda today to continue work on a project assisting the government with public sector transformation, labour market policies and social protection. The World Bank is expected to fund the project with $20 million over a three-year […]

Bahamas Links Agriculture, Tourism

Above: Charlestown, Nevis (Photo: CJ) By the Caribbean Journal staff The Federation of St Kitts and Nevis has met all quantitative performance targets through September 2011, according to the International Monetary Fund. The targets were met despite what the IMF described as “continued weakness in real output growth.” “The revenue enhancement measures implemented last year […]

Jamaica Signs $198 Million Loan Agreements with IDB

Above: Finance Minister Audley Shaw (JIS Photo) By the Caribbean Journal staff Jamaica has signed loan agreements for a total of $198 million with the Inter-American Development Bank aimed at providing funding for fiscal reform and water projects. The loans include $133 million for the Kingston Metropolitan Area Water Supply Improvement Programme and $65 million […]