Spanish oil firm signs new agreement

GEORGETOWN, Guyana, CMC –The Spanish oil exploration firm, REPSOL, Tuesday signed a new oil exploration concession offshore agreement with Guyana. President Donald Ramotar and REPSOL’s director, Jose A. Murillas signed the four year prospecting license for the 6,525 square kilometer conc...
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Guyana receives funds to develop gold mining sector

GEORGETOWN, Guyana, CMC – The World Wildlife Fund (WWF) is assisting Guyana in building capacity in environmental management of the gold mining sector. The WWF has provided a GUY$12 million (One Guyana Dollar = US$0.01 cents) cheque to the Ministry of Natural Resources and the Environment as p...
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Jamaica: Searching for economic stabilization

GEORGETOWN, Guyana – At the beginning of this month, the Executive Board of the International Monetary Fund (IMF) approved new funding arrangements to help stabilize the Jamaican economy and put it on a path to economic growth. The negotiation of the funds, a so-called Extended Fund Facility (...
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Guyana preparing for SIDS conference

GEORGETOWN, Guyana, CMC – Guyana will host a multi-stakeholder consultation on Tuesday in preparation for the Third International Conference on Small Island Developing States (SIDS). Adviser to the President on Sustainable Development, Science and Technology, Navin Chandarpal, says participant...
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New world trade supremo

GEORGETOWN, Guyana - Brazil’s ambassador to the World Trade Organisation (WTO), Roberto Azevêdo, is to be approved by acclamation, as the Geneva-based organisation’s new director-general, at next Tuesday’s meeting of its general council. Dr Azevêdo is only the WTO’s second leader from the developing...
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Survey finds multi-million dollar hotel not a national priority

GEORGETOWN, Guyana, CMC – A survey conducted by the Georgetown Chamber of Commerce and Industry (GCCI) has found that the multi-million dollar Marriott Hotel is not considered a priority by business groups even though the Donald Ramotar government says it is among the flagship projects in Guya...
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Guyana gov’t mulling how to handle surplus gold

THE South American country of Guyana is trying to decide what to do with a large quantity of gold it bought from local miners when demand was high. President Donald Ramotar said Saturday that he will meet with advisers to determine when it's best to sell the gold following a recent fall in price...
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