Guyana honouring Caricom financial obligations

first_imgVice President and Foreign Affairs Minister Carl Greenidge has confirmed that Guyana has honoured its financial obligations to the Caribbean Community (Caricom) even as the regional body continues to face some financial challenges while executing its mandate.The Minister said as a general observation, many countries within the Region have experienced financial difficulties in recent years. However, he noted, “Financial challenges faced by Caricom are not the result of failure by Guyana to make itsForeign Affairs Minister Carl Greenidgecontributions.”Greenidge also made it clear that Caricom has to redouble its efforts to cut wastage of resources, both financial and otherwise, in order to meet the demands of a changing global arena.The Minister said that funding for many regional projects were on the decline and Caricom Member States were experiencing their own financial challenges in order to keep up with the increasing number of meetings, forums and engagements that require their participation and input.He said that these engagements while necessary, as Caricom seeks to forge ahead with its one economic policy and space and Latin America reintegration initiative, Member States were expressing scepticism about the bill they may have to foot as the situation domestically with regard to finances remained grim.“As the international community takes up all sorts of new challenges, whether it be environment, global warming, new institutions are established…it sometimes require additional technicians, more money and it becomes increasingly burdensome for most countries,” he added.Asked whether he anticipates that Guyana may be called upon to pay a large financial contribution to Caricom in light of the massive oil finds and exploration activities here, the Foreign Affairs Minister responded in the negative, stating that he did not anticipate any such indication. He said, “I wouldn’t expect responsible Caricom Government to be demanding that you pay now in anticipation of revenues to appear in 2020 and beyond. We have always contributed to Caricom development in accordance with our capacity. And when Guyana was doing well financially and economically, Guyana went out of its way to lend support to the integration movement, both by ways of financing and this will continue when we have resources to do so.” Caricom has been facing many financial challenges since the 2008 economic crisis which shattered the economies of several of its Member States. While some have managed to rebound from the impact of the crisis, others have generally been unable to meet their financial obligations as far as contributing revenue to the bloc to keep its Georgetown-based Secretariat going.Although Caricom is one of the oldest integration schemes in the Western Hemisphere and the largest in terms of membership, it is by far the smallest in economic and geographic terms. Caribbean economies have either stagnated or grown very slowly, and high unemployment has become chronic. Despite important policy changes, export diversification has been limited for generating huge growth rates.Despite the challenges faced by the bloc, particularly the ravaging effects of the 2017 hurricane season which has cast a long shadow over the Region, the over US$2 billion pledged at the Caricom-United Nations conference for long-term recovery for hurricane-affected countries and the establishment of the regional renewable energy centre were among the successes recently recorded by Caricom.last_img read more

RHTY&SC congratulate Pestano

first_imgThe Patron, President, Executives and Members of the Rose Hall Town Youth & Sports Club (RHTY&SC), MS, wishes to congratulate club member Clinton Pestano on his remarkable achievement of taking a hat-trick for Guyana versus Trinidad. Pestano’s hat-trick changed the course of the match for Guyana and was made even more special and memorable as it featured a trio of West Indies batsmen. Lendl Simmons, Keiron Pollard and Dwayne Bravo are three of the biggest names in West Indies cricket.Pestano’s success for Guyana at the senior level has been a long while in the making. Clinton has been a very regular performer for the Rose Hall Town Gizmos & Gadgets First Division Team over the years with both bat and ball. There have been moments of frustration and thoughts of quitting the game when he was not considered for selection, but he was always urged to keep his faith in God by Secretary/CEO Hilbert Foster, who serves as a mentor to him.Pestano’s hat-trick is the first by a Berbician fast bowler and is the start of a long and successful career for Guyana. The entire membership of Guyana’s leading youth and sports club would like to reassure Pestano that he has their full support, unconditional love, and he is always in their prayers.RHTY&SC’s formula for success is sheer hard work, honesty, belief in the work we do, faith in the God we serve and to always remain humble at all times and we would like to remind Pestano to continue following the formula that has brought huge success to him and the Club. We would also like to acknowledge the contribution of Farfan & Mendes Ltd, Bakewell, Pepsi, Gizmos & Gadgets in the career of Pestano, and it is only a matter of time before our promising starts Kevin Sinclair, Kevlon Anderson, and Junior Sinclair join him in the Guyana team.The Rose Hall Town Youth & Sports Club would also like to extend best wishes to Captain Leon Johnson and the rest of the Guyana Team for a successful conclusion to the CWI Super50 Tournament. Pestano would be honoured on his return to Guyana for his historic achievement.last_img read more