Guyana Chronicle E-Paper 14-10-2023.pdf

SATURDAY 14th October, 2023

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VAT INCLUSIVE

No.107233

Guyana set to boost revenue from carbon credits 21 PAGE

Guyana projected to continue leading regional growth PAGE

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Groundbreaking laparoscopic surgeries transform healthcare in Guyana 18 PAGE

Four minimally invasive laparoscopic surgeries were performed by renowned regional surgeons/professors from the Caribbean Association of Endoscopic Surgeons. The collaborative effort to fostering innovation and excellence in healthcare sets a new benchmark for the future of medical services in Guyana

US Deputy Trade Contractors 04 Representative encouraged to visits Guyana 17 report extortion for discussions attempts –– says Dr Jagdeo PAGE

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Gov’t invites revised Gov’t aims to boost agriculture 19 proposals for in Amerindian Amaila Falls project communities 11 PAGE

Guyana ‘pushes’ for large-scale honey production

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–– Cuban specialist to provide support –– Minister Mustapha

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GUYANA CHRONICLE, Saturday, October 14, 2023

GUYANA CHRONICLE, Saturday, October 14, 2023

Guyana projected to continue leading regional growth

The International Monetary Fund (IMF) has released its much-anticipated Regional Economic Outlook for Guyana in October 2023, and the findings paint an optimistic picture of the nation's economic prospects.

The report underscores and lauds Guyana's steadfast commitment to fostering inclusive and sustainable growth, further solidifying the country's standing as a key global economic player.

The report not only validates Guyana's dedication to prosperity but also highlights the nation's resilience in the face of global economic challenges.

Key Highlights of the IMF Report includes: Robust Economic Expansion;

Increased Investments; Fiscal Responsibility; Diversification Efforts; Social and Infrastructure Development; and Regional Cooperation.

The report noted that Guyana is experiencing a robust economic expansion, primarily driven by the burgeoning oil and gas sector.

The IMF's report predicts an impressive growth rate for Guyana's economy, underscoring the nation's resilience in the midst of global economic challenges.

Further, the nation's favorable investment climate has attracted a significant inflow of foreign direct investments, creating fresh opportunities for job creation and infrastructure development.

These investments play a pivotal role in strengthen-

ing the nation's economic foundations and enhancing

the living standards of its citizens.

Additionally, the IMF underscored that the government of Guyana has demonstrated commendable fiscal responsibility, resulting in a stable macroeconomic environment that serves as the bedrock for sustainable growth.

“Learning from the experiences of other resource-rich nations, Guyana is actively taking steps to diversify its economy beyond oil and gas.

Initiatives aimed at strengthening sectors like agriculture, tourism, and manufacturing are gaining traction, reducing the nation's reliance on a single sector,” the IMF stated.

The report underscores the government's commitment to enhancing social services and infrastructure development. Investments

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in education, healthcare, and public infrastructure projects are contributing to an improved quality of life for the Guyanese population.

Guyana's active participation in regional forums and its expanding diplomatic relations were also praised for are contributing to stability and prosperity in the region.

These partnerships, the IMF added are poised to open new avenues for economic cooperation, trade, and development.

Local authorities have proven that they are resolute in their belief that the nation is on a transformative path of growth, and the positive findings from the IMF report reaffirm the nation’s resilience and potential.

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GUYANA CHRONICLE, Saturday, October 14, 2023

Contractors encouraged to report extortion attempts - says Dr Jagdeo

DR. BHARRAT JAGDEO, the General Secretary of the People’s Progressive Party, is advocating for individuals to step forward and share any information regarding corruption in government contracts.

During his weekly press conference, Dr. Jagdeo acknowledged the sheer magnitude of contracts in progress across

the country, which presents challenges in monitoring corruption and collusion on these sites.

He noted that, earlier this week, an issue had to be dealt with where an engineer was accused of ‘shaking down’ a contractor.

“You are talking about maybe six, seven thousand contracts under implementation now. We

can’t know if a clerk of work on a project in Black Bush Polder or somewhere else is asking the contractor for money. But the contractors have to understand that, if they comply with this, they are not only breaching the system, they are doing something illegal. They should contact us,” Dr Jagdeo stated.

Contractors are advised to promptly reach out to the Office of the President or Vice President, the Minister of Public Works, or the National

Tender Board in the event of any attempted extortion.

According to the general secretary, “I don’t see it as criticising the government if somebody freaks out about corruption. Somebody tries to shake you down and you put it out in the public domain, then we will examine it.”

Dr Jagdeo explained that sometimes there is collusion on the sites.

“Where we are having more difficulties is when there is collusion…Every-

PPP General Secretary, Dr Bharrat Jagdeo one wants their road done intermediaries. now. Everyone wants their “Don’t give them your health facility done now. money. Every week peoEveryone wants a house ple come to cry, cry by lot now. Now they want us. Some lady run away it now. They won’t want with their money. People to wait till next year” Dr walk into the ministry, go Jagdeo stated. and talk to the guard, they He said the authorities collect money from them, would take firm action. this is a major issue.

“So, people need to see If you do it and we find if they are being shaken out you may not even get down, don’t come and tell a house lot that you are us afterwards…We can set eligible for if you apply up a sting…So, we can set for it. Please don’t go up a sting and find people through middlemen. There and then you put it before is no middleman there.” the police.”

Dr Jagdeo said.

Dr. Jagdeo also obDr Jagdeo also anserved the increasing nounced that only renumber of individuals cently cabinet awarded who are being deceived contracts for close to while attempting to ac- seven hundred commuquire house lots through nity roads.

‘Works non-stop’ at ‘Red Road’

GUYANA CHRONICLE, Saturday, October 14, 2023

–– Public Works Minister says –– Approximately 9,000 tonnes of aggregate moved from site

FOLLOWING the extensive damage done to the Providence Access Road, commonly referred to as the ‘Red Road’, located along the East Bank Demerara, works are ongoing to rehabilitate the route, according to Public Works Minister Bishop Juan Edghill on Friday. “…Yesterday I indicated to you what we believe transpired, we immediately moved into emergency mobilisation and in the last 24 hours, works have continued non-stop at this facility,” the Minister told reporters at a briefing.

Speaking on the ongoing works, he said: “As it relates to the reconstruction of the road that was damaged, two contractors are currently mobilized on site and the work has been executed by Excel engineering and Guy America.”

He also noted that during the night of the in-

cident, contractors flooded the scene and rendered their assistance.

The Minister related: “Last night, we had a number of contractors namely E.C Vieira along with AJM enterprises, XL engineering and Guy America, that responded to the call and they brought in machines, estimators, bulldozers etc. to help us to redistribute the weight on the stockpile, so that pressure would be deflated.”

With that being said, Edghill remarked that at the end of Friday, they expected to move 9,000 tonnes out of the 30,000 tonnes of aggregate off of the site.

“We have since been able to arrange orders with contractors who need urgent supply of Crusher run and for today, we expect to move about 9,000 out of the 30,000 tonnes off site,” he said.

Although unable to give a definite timeline,

he said that the Ministry is moving rapidly to get this project completed.

The Public Works Minister related: “I am unable to tell you a timeline because I know somebody is interested [in] how many days it’s going to take and how soon we’re going get that fixed. We’re trying to move as fast as possible.”

He then went on to say: “We will do everything within our power to get this wrapped up in the shortest possible time.”

The Minister also extended his gratitude to Guyana Water Incorporated (GWI) for its fast response to the disrupted drains and for ensuring that schools, businesses and citizens do not suffer.

He also cautioned pedestrians to not traverse the walkway when works are ongoing, as it is dangerous.

The ‘Red Road’ in Providence suffered significant damage, prompting

emergency contractors to be deployed on Thursday for evaluation.

Described as an ‘unusual event’, the weight of a 30,000-tonne aggregate stockpile near the road on Thursday afternoon caused bulges that destroyed a considerable stretch of the main access road to several residential areas.

“It’s unusual, and an unfortunate event,” Minister Edghill said while responding to reporters at the scene.

“It is clear that with the bulge, this entire stretch of about 150 meters has been totally destroyed. It will cause some amount of inconvenience to commuters, because, as of the time of the event until the time this will be restored, we will have to restrict traffic on ‘Red Road’ from the East Bank highway all the way down to the entrance at Massey,” the Minister noted.

Ongoing rehabilitation and restoration (Japheth Savory Photos)

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GUYANA CHRONICLE, Saturday, October 14, 2023

The Master Plan

IN the vibrant landscape of Guyanese politics, Dr. Bharrat Jagdeo, the Vice-President of Guyana, has found himself once again responding to the untruths of the opposition, People’s National Congress (PNC).

The opposition claimed that the People’s Progressive Party/Civic (PPP/C) lacks a clear plan for Guyana’s development. However, Dr. Jagdeo stands resolute, countering these claims with a vision that extends far beyond political rhetoric.

At the heart of his response lies a compelling argument: The government

not only possesses a plan but a master plan that aims to ensure that every section of the population benefits substantially from the country’s development.

With a steady hand, the PPP/C government led by President, Dr. Irfaan Ali, is leading the nation towards a brighter future, and the evidence is undeniable.

One of the cornerstones of Guyana’s development under Dr. Jagdeo’s leadership is the ambitious gas-to-energy project. This transformative initiative is set to come online soon and promises to reduce electricity costs by as much as 50 per cent.

For the ordinary Guyanese citizen, this translates into more disposable income, economic stability, and an improved standard of living. It’s a testament to the government’s commitment to improving the everyday lives of its people.

Moreover, the administration has embarked on an aggressive housing drive that has benefited thousands of individuals, particularly those who were previously marginalised. Access to affordable housing is a fundamental human right, and this initiative is creating real, positive change in the lives of countless families.

It underscores the govern-

ment’s social commitment to inclusive development.

In the field of education, Dr. Jagdeo’s government is making substantial investments to establish new schools and expand existing ones. This is not just about building classrooms; it’s about providing the youth of Guyana with access to quality education.

These investments aim to equip the next generation with the tools they need to succeed, fostering a brighter future for the nation.

Crucial investments are also being made in the healthcare and infrastructure sectors. Health is the foundation of a thriving

society, and Guyanese citizens are seeing improved healthcare services and facilities. Better infrastructure means enhanced connectivity, accessibility, and economic growth.

The PPP/C’s vision for Guyana is comprehensive and forward-looking. It encompasses every facet of life in the nation, ensuring that development benefits all. The government is not merely talking about progress but is actively working to achieve it. The evidence lies in the tangible improvements we see in the gas-to-energy project, housing initiatives, education, healthcare, and

infrastructure investments.

It’s essential to recognise that the path to development is not a onesize-fits-all process, and its fruits may take time to fully ripen. The PPP/C government is on a mission to drive Guyana towards a brighter, more prosperous future.

Challenges and obstacles will always be present in the complex world of politics, but the determination and vision exhibited by Dr. Ali and his government are clear indicators of an administration committed to the well-being and prosperity of its citizens.

Satire without any ire

Dear Editor, How yu all doing? Yu all see how a lot of operators on the road doing sheer stupidness? Is like, no matter what happen, dey just don’t care. Look how much tickets dem police writing and still, dem road users still carrying on as if every bady feel dey have the right o way. We Guyanese don’t learn and have no respect for discipline driving in this country. Is like, we don’t value we life nor the other person life. Watch how we face does change when we own blood become a fatality. The only time we gon stop is when we ain’t here anymore! This speeding is the worst headache for everyone. I hope all dem CCTV cameras can come out all over de country sooner than later. But is not only de roads need cameras. They need cameras in other places too to

catch dem ‘hot hand’. Yu all know exactly what a talking about.

Now Loo don’t susu all over the place like other people and expose heself.

We Guyanese love to stop anywhere and anytime and do we business. Is a bad habit and a dirty one too. Dem men don’t care who watching or who ain’t watching.

Cockroach eat out dat ting dey call shame. What kind of example we setting? Worse yet, is when dem men spray up other people property.

Yes, some people always got to clean up other people mess. And then, they get the other type of susu, yu know, de name talking that does leave yu ears ringing and yu feel like dem burning.

I get tired of dis fire every week. Look like the people tek dis ting serious, yu know, ‘mo fya, slo fya.’

Literally, dis ting playing out practically. Cause don’t mat-

ter no more, is the effect. I sarry dis term ever come out.

Now people looking in one direction only with pointed fingers. Dats why, yu have to be careful what yu say and how yu say tings. Some scar does left for a life time.

Is like when we say we hiring only people who look like we and belong to we party. Imagine how dis gon look in de eyes of dem big bais in Washington. And we claim how de govment discriminating we. Yu see how dis ting come back to haunt and hurt we? But we feel like we is de Warriors. No bady can beat we because we is de champions. We forget even the great Cassius Clay get knock down. We feel we gon fly like a butterfly and sting like a bee forever.

Yu know, is a lil axe does cut down big tree. De Washington trip bring we back to earth. Yes man, we been flying high and thought ev-

erything rosy in DC. But when we reach there, it was anything but cozy. So dis mudslinging don’t pay. We learn a bitter lesson and now we have to be more careful how we following yu know who in de States. We not even back to Square One because dats in Mississauga in Canada.

Talk about Canada. The more we bad talk de Big Guy, de more people all over de world honoring him.

Look na, Pressy received the Visionary Leadership Award from the CGCC at their Maple Leaf Awards ceremony.

Now Pressy gon head CARICOM. I tell yu, now we doom. De man going where de Kabaka never went and de Ranger dream about. We nowadays, can’t even afford to dream. We already make bad fu we self when we cuss out dem Heads of Govment during Election time. All dem islands love Pressy now

more than before. We mess right in we own home. Who gon clean it?

I tell yu, de more ruckus we make and de more caucus we attend, is de more fracas we make fu we own self.

Look how many visitors coming to we country and holding big big conference and want to do business with de Govment. Pressy mean real business. De Big Guy cleaning up all dem NIS backlog and clearing up all dem passport books. When we in office, all we do is watch de pile grow bigger and drink ice wata whole day.

Yu got to hand it to Pressy. Like he don’t sleep.

He is a workaholic, left, right and center, the spinning wheel don’t stop for any break. How I wish we could a do de same thing when we was in power. But yu can’t cry over spill milk.

De Pressy is right, less talk

and plenty action. Dats de only way yu gon get result like Aunty Priya to top the Caribbean.

Now PM gone and open up a new, spanking million-dollar Post Office fu de people right in Buxton.

A can’t say we people anymore because de Govment walking all over de place and staking dem name by making friends and influencing people with dem projects. But is good for de people. Now de people got no choice but to meet and greet dem like family.

A tell yu, we is born losers!

We days numbered. Dat means I got to hold this empty bowl longer because no body gon back a losing horse.

So long bannas, de Govment mek me sweating more than the weather.

Yours respectfully, Jai Lall.

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GUYANA CHRONICLE, Saturday, October 14, 2023

OPED: Without water, there can be no food

By Gillian Smith

WORLD Food Day is celebrated on October 16 every year. The celebration highlights current issues of food security and recognises and supports advances in reducing hunger and malnutrition.

This year’s theme is extremely relevant to us in Guyana and the Caribbean ‘Water is life, water is food.

Leave no one behind’. We know that water is a crucial resource that is essential to life. On a daily basis, we note the importance of water to so many food-related tasks, including food production,

food transportation, and food processing. We know the invaluable role that water plays in food safety. Safeguarding our freshwater systems supports agriculture and food production. Without water, there can be no food.

Agriculture alone accounts for 72 per cent of global freshwater withdrawal. Irrigation farming relies heavily on freshwater systems and has significantly increased food production and improved food security.

Livestock farming requires a clean and consistent supply of freshwater to ensure animals and production are healthy. Aquatic food sys-

tems also rely on water. All stages of food processing boiling, steaming, washing, and cooling – are supported by water. Water is a driving force for people, economies, and nature and the foundation of our food systems.

As critical as water is to our survival, it is also a fragile resource. Only about 2.5per cent of the water covering the Earth’s surface is fresh and suitable for drinking, agriculture, and most industrial uses. Hydrometeorological events can negatively impact our food systems. 74 per cent of all natural disasters since 2001 are characterised as water

Unraveling the complexity of ring-fencing:

A call for informed discourse

Dear Editor, I seek your gracious space in your esteemed publication to share my insights on the intricacies of “ring-fencing,” its related opportunities and risks, the concept of unavoidable costs, and consolidated financial strategies.

Despite my non-specialisation in the oil industry, my decade-long experience as a financial expert in multinational corporations and as a decorated finance faculty member equips me to offer valuable perspectives.

My intention is to educate, offer a humble perspective, and counter some misguided public statements made by a specific media outlet. It is imperative for self-proclaimed financial experts to comprehend the complexities of these concepts before disseminating opinions in the public sphere.

The practical application of financial mechanisms like “ring-fencing” demands careful assessment, the formulation of robust yet flexible policies, and methodical implementation due to the potential adverse consequences affecting finances, socioeconomics, and

the environment. Regrettably, certain sections of the media have casually employed these complicated financial terms, often leading to misinformation and public discord. My hope is that commentators of such caliber grasp the responsibility their public utterances bear, especially in a Guyanese landscape increasingly discerning between misinformation and facts, as evident in the last general election.

The strategy of “ring-fencing” in the petroleum industry involves separating financial aspects of different projects, shielding profits of one segment from the risks of another. While theoretically sound, its practical application demands meticulous consideration.

Unfortunately, certain individuals, such as Mr. Glenn Lall, exhibit an absence of understanding regarding its complexities, but he continues to peddle questionable information.

Mr. Glenn Lall’s discussions on “ring-fencing” lack depth, while he has a unique style, his oversimplified explanations, like the apple-cutting analogy, miss crucial points on serious finance and macroeco-

nomic matters. In the oil industry, “ring-fencing” acts as a shield, separating the financial risks and revenues of diverse projects.

However, this concept goes beyond theory; its practicality demands strategic assessment and thorough adoption. For Guyana, a country with a developing oil sector, understanding this strategy is vital. To enhance understanding, let’s delve into three critical risk categories: financial and marketing, operational, and environmental and technological considerations.

1) Financial and Market: Managing tax structures and obligations for each ring-fenced project is essential to avoid financial losses. Short-term tradeoffs, like front-end loans, must be clearly communicated to the public. Effective capital allocation and risk diversification are pivotal, given global economic fluctuations and market volatility. Considering loan syndication and risk diversification is also vital. Mr. Lall must recognise that Guyana’s oil projects are not insulated from global economic shifts. If investments beTURN TO PAGE 9

related. Guyana is currently experiencing the impact of the El Niño, a natural weather phenomenon that Dr. Garvin Cummings, Chief Hydrometeorological Officer has indicated is responsible for higher than average temperatures and a reduction of expected rainfall.

Further exacerbating the fragility of water resources, Climate Change is increasingly impacting the intensity and the irregularity of flood and drought events, which not only affect people’s lives but also have devastating effects on food production.

As an essential food producing country in the Caribbean, Guyana relies on its water systems to produce a diverse range of food products. In addition to farming systems that produce rice, sugar, domestic and other export crops, Guyana’s water resources also produce significant quantities of fish, shrimps, and other aquatic

Dr. Gillian Smith – FAO Representative in Guyana species. Riverine systems are the basis for the livelihoods of most rural communities in Guyana.

What we produce, what we consume, and how we conduct our daily lives re-

lies heavily on water. The network of organisations, agencies, communities, and individuals that play a role in managing our water systems, are all major contributors to Guyana’s food security.

As we look to a food secure future, we are reminded that there is no sustainable development without access to healthy, affordable diets, and unless all food producers can have vibrant livelihoods in a productive food system.

World Food Day this year challenges us to be more efficient in our water use, even as we produce the food we need. It reminds us to reduce water and food waste and to apply innovation and technology to maximise food productivity. It highlights the important nexus between planet, people, and the environment, and ensures that we leave no one behind.

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GUYANA CHRONICLE, Saturday, October 14, 2023

Henry Jeffrey and the perception of PNC voters

SINCE I was a student at UG, I did not respect the academic quality of Henry Jeffrey’s work. I never did.

I never will. I never thought Jeffrey’s analyses meet the threshold of sound academic output. I will present one aspect of Jeffrey’s work to prove my point.

Jeffrey contends, in an article in the opposition online newspaper, Village Voice, that there was extensive fraud in the March 2020 election. He gave the following breakdown of the rigging by percentage by the opposition PPP. R stands for Region.

R1- 34.6; R2- 74.8; R367.9; R4- 55.4; R5- 50.5; R6- 77.4; R7- 70.5; R9- 53.7; R10- 17. There was no percentage for Region 8. Here is a man that is supposed to be educated publishing the percentage of fraud in a general election perpetrated by the opposition party to give them victory and it did this marauding while the ruling party stood helplessly and physically paralyzed.

You feel sorry for the PNC as an opposition party

when irrational and illogical presentations like these are made by people that support the opposition. Obviously, people are going to attribute those vacuous thinking to the PNC itself and the PNC loses support because of this comicality.

I believe this is what happened in the local government poll in June this year (LGE 23). Any sane person even without an ounce of formal education but who favours the PNC has to stay home whenever there is an election with the PNC contesting because the logic is absolute – if the PPP was in opposition and completely took over the election to give itself victory, then how can the PNC win any election when that very strong, omnipotent, infallible opposition in March 2020 is now more powerful because it is in government.

This thinking by PNC voters causes the PNC to hemorrhage votes at LGE 23 and it will repeat itself. One can simply imagine the emotion – “de PPP rig de thing when in opposition, now deh

in government, deh gun do it again so I ain voting.”

Think of how helpless PNC voters feel when their government was in power, with the president being a former army man, his deputy being a former army man, one of the ministers in the government being the former commissioner of Police, and one of the president’s advisers being a former army chief. And to crown it all, GECOM threw out the Deputy Chief Election Officer in previous elections and put someone that the ruling party favoured.

Despite this strategic fortress of power, the opposition party, without a computerized voting system, rigged the election in 9 out of 10 regions to put themselves in power. The mystery that only Jeffrey can explain is why the opposition PPP chose not to rig in Region 8 in 2020.

What was special or daunting or eerie in Region 8 that it scared the PPP from voting?

The question, of course, is how any human that once lectured at a university can come up with such a corru-

gated fiction? How in the history of the world, an opposition party can exercise such manipulative power over the state to give itself strategic latitude to penetrate the entire election machinery? Could the answer be that from the time the election process started, the two ruling parties – PNC and AFC- were fast asleep?

When they woke up, the election was over.

But here is the greatest irony in an election process in the history of the world.

These same two ruling parties that were so helpless during the election became

frighteningly aggressive when they discovered they lost and fought for five months to stay in power using incredibly shameless mechanisms.

I ask in all sincerity should Henry Jeffrey be allowed by PNC supporters to speak on their behalf with what in politics and journalism we call mambo jumbo?

Is there any normal human being out there that believes the percentage of rigging that he claims the PPP perpetrated on Guyana during the 2020 election?

When I read Jeffrey’s article in Village Voice,

I can see why the court ruled against Village Voice over its copyright infringement. When I read that column my mind went back to my student days at UG in the 1970s when I frowned on the scholarship of Jeffrey. In a follow-up column, I will examine his reply to Professor Randolph Persaud in which he extols his achievements when he was a PPP minister and will ask him if other PPP ministers have not been endowed with those same achievements since August 2020.

Gov’t expanding mental health services with comprehensive plan THE Ministry of Health is currently engaged in developing an extensive eight-year plan to enhance its mental health services, according to Dr. Mark Constantine, Clinical Psychiatrist and head of the ministry's Psychology Services, Training, and Education Programme.

Speaking during a recent interview, he shared that, “The ministry already has a mental health strategy at hand. How-

ever, that plan is in the process of being updated, which is going to be a plan for 2023-2030.

That plan, I must say, is going to be a very comprehensive plan that is going to involve everyone across the country.”

Dr. Constantine said the mental health unit has since decentralised its services to the Diamond Diagnostic Centre on the East Bank of Demerara and the West Demerara Regional Hospital in Region Three.

Mental health professionals, including counsellors and psychiatrists, will also be stationed at health centres throughout the country. The Supply Health Centre on the East Bank of Demerara already houses a unit.

Additionally, a mental health website was launched as part of the ongoing endeavours.

“It is a website where persons can go online and easily access it. Once they access it

Dr. Mark Constantine, Clinical Psychiatrist and head of the ministry’s Psychology Services, Training, and Education Programme those persons will be able to speak to a counsellor live online,” he said.

Furthermore, the ministry is striving to expand the chat time from eight hours daily to a round-the-clock service.

In accordance with this comprehensive plan, the government has embarked on a journey to train more persons in the field.

In 2022, the new Mental Health Protection and Promotion Bill was passed in the National Assembly to ensure efficient mental health services are provided.

The bill encompasses the integration of mental health services into the country's primary health care system by deploying personnel at different sites. It also entails mental health services being extended to persons through telemedicine.

GUYANA CHRONICLE, Saturday, October 14, 2023

Unraveling the complexity...

FROM PAGE 7 come excessively risky, the ability to secure capital and leverage positions can drastically change. Guyana is susceptible to fluctuations in global oil prices and market exigencies. These variations can impact the profitability of different projects or segments disparately, potentially affecting the overall financial stability of the sector. Some pundits had even inquired at the urgency to extract oil, it is essential to question the timing within the context of the global movement toward renewable energy and climate change mitigation.

Given this global swing, strategic decisions about maximizing the value of fossil fuel resources have become pivotal. 2) Operational Considerations: Coordinating between ring-fenced projects can be challenging, potentially leading to inefficiencies and increased operational costs. Additionally, volatility in oil prices and market demands can impact project profitability differently, affecting the sector’s overall financial health. 3) Environmental and technological Considerations: Maximizing resource value amidst rapid technological advancements demands astute environmental regulations. Outdated infrastructure could lead to stranded assets and financial losses in specific ring-fenced projects.

Mr. Glenn Lall, in his analysis, has focused on one side of the concept, missing a holistic understanding. Ring-fencing is essential in scenarios involving varying tax regulations, complex capital structures, or severe market volatility. In Guyana’s context, understanding the Profit-Sharing Agreement (PSA) is crucial, as it incorporates taxes and allowable costs into profit and royalty computations. In simple terms, excessive taxation on a project or segment cannot coexist with the expectation of substantial profits. Such a scenario would inevitably lead to a diminished bottom line.

Addressing Mr. Lall’s concerns about Suriname’s ring-fencing application, it is essential to note that

their approach was different from Guyana’s. Suriname had the opportunity to scrutinize initial terms and conditions, unlike the contract signed by the previous administration A Partnership for National Unit (APNU).

The coalition government APNU would have had ample time to peruse the terms and make necessary objections, but they consented to one of the country’s largest contracts without the basic due diligence and proper technical support. However, this is now history, the APNU government signed an unconscionable contract which has bind Guyana to some of most draconian provisions but failed to capitalize on negotiating any recognizable industry-standard or modeling around profit-share, royalty, cost containment or bonus.

Now Guyanese population and incumbent administrative must abide with these provisions. In my modest legal understanding on sanctity of contract, is that the conditions are binding. The Honorable Attorney General and Minister of Legal Affairs, Mr. Anil Nandlall, had lucidly outlined those stern provisions in a parliamentary debate. By contrast, the current government, the People’s Progressive Party/ Civic, has proactively embraced the new sector through public consultations, involvement of technical experts, establishing robust financial investment instruments such as Sovereign Wealth Fund, Local Content Legislations and ascribing to international framework on transparency such as the Santiago Principles. Additionally, when one is spoken on finance and risk mitigation, they also need to fully grasp financial terms such “unavoidable cost” and techniques such as hedging.

Unavoidable costs are essential expenses like rent and salaries, crucial for a business to function, regardless of individual project productivity. Put simple, some projects may have a negative result but on a consolidated level discontinuation will have a dev-

asting outcome therefore is cushioned with better performed project or segments.

Whereas Financial hedging means businesses use strategies to reduce risks linked to specific projects. These risks can be due to changing interest rates, exchange rates, or commodity prices, affecting a project’s costs and profits. Hedging techniques aim to lessen these effects, making financial results more stable. Certainly, it’s widely recognized among investors, entrepreneurs, and governments managing various projects that keeping distinct financial records for each venture is paramount.

This method enables thorough analysis and targeted enhancements in specific areas. Yet, during both the short and long term assessments, stakeholders zero in on the consolidated financial performance and overall result. This holistic view not only highlights the distinctions between immediate gains and longterm goals but also forms the bedrock of strategic decision-making, ensuring enduring success in the competitive landscape.

Therefore, it is from a consolidated financial viewpoint stakeholders and governments measure and establish a pathway for long-term national development and growth. In conclusion, informed discourse is essential. Ring-fencing, while a strategic tool, cannot be applied universally with a cookie-cutter mentality. Its success lies in meticulous analysis, ensuring a holistic view that balances short-term gains with sustainable long-term objectives.

Therefore, when individuals take public platforms to speak, mere rhetoric cannot be the order of the day and clearly elaboration on their proposal will foster healthy dialogue. Let us advocate for a nuanced understanding, steering Guyana toward a prosperous, informed, and united future.

Sincerely, Mahendra Hariraj Chief Financial Officer & Adjunct Professor

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GUYANA CHRONICLE, Saturday, October 14, 2023

Comprehensive Arbitration Bill to set foundation for commercial arbitration –– AG Nandlall

THE recently finished and comprehensive Arbitration Bill, intended to position Guyana as a prominent arbitration hub, is scheduled to be tabled in the National Assembly soon.

Attorney General and Minister of Legal Affairs, Anil Nandlall, SC, made the disclosure during his weekly televised programme, Issues in the News.

He said the bill was extracted from the modern bill of the Caribbean, with significant additions to expand the depth and scope of the bill. It incorporates the key provisions of the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Arbitration, which has been approved by the CARICOM Secretariat for implementation by member

states in the region.

Additionally, the bill has received reviews from international law firms, further adding to its credibility.

“This bill also permits international arbitral companies or companies that offer arbitration services, to locate in Guyana and operate under the bill. It allows for judiciary-driven arbitration, as well as for parties to decide between or among themselves to take their dispute for resolution by arbitration utilising the law,” he said.

The bill will facilitate the use of arbitration as a viable method of dispute resolution, as opposed to litigation.

Arbitration is a form of alternative dispute resolution that sees the parties involved in a dispute agree-

Attorney General and Minister of Legal Affairs Anil Nandlall ing to have the case heard by one or more arbitrators, entrusted with making a legally binding decision on the matter.

Importantly, AG Nandlall explained that the Im-

proved Access to Justice in the Caribbean Project (IMPACT Justice), a regional justice sector reform project, conducted a series of training workshops on arbitration in Guyana, based on the bill.

“It is the hope that once we can make Guyana self-sufficient in terms of arbitration, we would be able to move to the second stage, and refine the process and the infrastructure to such an extent that we would be an attractive destination for arbitration in relation to the Caribbean, Latin America, and even South America,” the AG added.

Earlier this year, the AG established an Arbitration Unit, comprising a diverse panel of representatives and stakeholders, including from the Private Sector Commission and The Bar Association of Guyana.

In addition to the crafting of the bill, training, and education endeavours within the area of commercial arbitration will continue to ensure that once enacted, the law can be effectively applied by local practitioners.

He noted that the government is in talks with the University of Guyana regarding potential courses

in Commercial Arbitration in the Bachelor of Laws degree programme, to build capacity in handling cases of this nature.

“More and more companies across the globe are choosing arbitration as the preferred method of resolving their commercial disputes. So, if they want to go to the court, we are building an efficient judicial system.

If they want to go to arbitration, we are building an efficient, modern arbitration system as well. The first step in that direction is to get the law right, and I believe that we have the law here.

We now have to begin the educational process, so we have an educated and qualified population to serve the

sector,” he said.

According to the Attorney General, many of the international and commercial agreements governing ongoing projects in Guyana contain arbitration clauses as the desired mechanism for settling disputes.

“But, the seat of that arbitration is outside of Guyana. This bill, once it becomes law, hopefully will influence companies to change that approach, and situate Guyana as the seat to do their arbitration,” he explained.

The execution of this legislation would promote the creation of employment opportunities and generate financial resources.

Culpable individuals will cover costs of damaged ICT infrastructure

THE National Data Management Authority (NDMA) has made it clear that individuals who cause accidental or deliberate damage to state-owned ICT infrastructure will be held accountable for the entire cost of replacement and repairs, as part of their efforts to protect the state’s ICT assets.

The Authority has observed an increase in vehicular accidents causing substantial damage to poles and ICT equipment utilised in the Safe Country Project. In the preceding four months, there has been extensive damage to multiple Safe Country Systems in Regions Three and Four.

Investigations conducted by the Guyana Police Force have led to the identification of the individuals responsible. These individuals will now face charges as prescribed by the Laws

An accident that damaged ICT equipment in Region Four of Guyana. In addition, the individuals who accidentally or intentionally damage these assets will be obligated to stand the costs associated with their repair or replacement.

To avoid these consequences, road users are reminded to “Respect the

Road.” As the Guyana Police Force continuously reiterates, “Road Safety is everyone’s business.”

So let us work together to ensure safety on our roadways by practising the five C’s – care, caution, consideration, common sense, and courtesy.

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Gov’t aims to boost agriculture in Amerindian communities

GUYANA CHRONICLE, Saturday, October 14, 2023

THE Minister of Agriculture, Zulfikar Mustapha, has provided assurance that his ministry

will persist in offering support to the different Amerindian communities, in accordance with

the commitments established during discussions at the recently concluded National Toshaos Coun-

Training programme aims to empower persons living with disabilities –– Small Business Bureau’s revolving fund offers capital support

A TOTAL of 51 individuals from Bartica, Moruca, and Linden are poised to receive Garment Construction and Basic Computer Skills training, a government initiative aimed at empowering them with the necessary skills to generate income.

Technical Officer Responsible for Support Services for Persons with Disabilities Unit, Mahendra

be included in the government’s mandate, social inclusion, and the current persons living with disability act. So having them trained is the first step in accessing knowledge,” he told the Department of Public Information (DPI) on Friday.

Budhram further stated that the choice of garment construction training in Bartica and Moruca aims to enhance skills that individuals

persons living with disabilities since the launch of the Learning Lab in June, with the intent of training 200 persons by year end.

The ministry plans to integrate business training into the programme to provide PWDs with the tools and knowledge to manage their finances and run their enterprises effectively.

Individuals who successfully complete the

Persons living with disabilities undergoing garment construction training Budhram said the ultimate objective is to ensure that persons living with disabilities can access the digital world, use tech devices, and have access to essential information.

“We know that the world is technology driven and we want to ensure that everyone is included, including persons living with disabilities so that they can have access to the internet, they can use the computer or tablet and they can be able to have access to information. So that way we are trying to remove that barrier so that they can

already possess while simultaneously creating economic opportunities for them.

Additionally, some 23 persons are set to benefit from video and audio editing training at the Learning Lab, Mahaica, on October 16.

These advanced courses cater for persons interested in becoming entrepreneurs.

“So, it’s like progress, you learn to use the computer, develop your skills. Once completed the persons will do a social media marketing course,” he said.

He also added that the ministry trained some 153

training will be eligible for assistance from the ministry through the Small Business Bureau’s Business Revolving Fund for Persons with Disabilities to obtain a loan for their business ventures.

As a result, persons with disabilities (PWDs) will have access to around $500,000 in capital for the establishment of their small businesses.

This support not only fosters economic independence but also cultivates self-sufficiency and empowerment among individuals with disabilities.

Minister of Agriculture, Zulfikar Mustapha cil Conference.

Speaking during a recent interview, the minister stated that, “By the end of this year, we will set up 50 cages in various parts of the country. I have giv-

en them a number of tools and planting materials in the deep south in Region Nine. We have been providing all the cassava sticks.”

Assistance is also being provided for peanut cultivation in the communities of Region Nine.

Similarly, a processing plant has been set up while the new Guyana Marketing Corporation will assist in securing markets for the produce.

In a recent announcement, President Dr. Mohamed Irfaan Ali revealed that the production of ginger this year is expected to reach three million pounds.

Minister Mustapha reported that an amount exceeding $20 million was allocated for the distribution of planting materials in the region.

The proposal involves

the development of region-specific crops.

“I want to make Region One, one of the regions that produce all the spices. In Region Nine, we are looking at peanut cultivation. We are looking at cassava. Those are things that can bring valuable income to the population in those communities,” the minister said.

The ministry is also seeking to establish a partnership with Cuba to bring specialists to Guyana for the purpose of developing apiculture in Regions One and Nine.

The government has invested more than $2.2 billion to enhance food production in Amerindian communities over the past three years, demonstrating its strong commitment to prioritise food security.

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Mahdia dorms fire: Regional executives were not notified about fire inspection report

–– Immediate action would have been taken if highlighted - DREO tells commission

By Shamar Meusa

THE regional officials for Region Eight stated to the Presidential Commission of Inquiry that the Regional Education Officer failed to notify them about the inspection report concerning urgent safety changes at the Mahdia dormitory.

This occurred on the eighth day of public hearings for the Presidential Commission of Inquiry where Deputy Regional Executive Officer (DREO), Shawn Britton gave sworn testimony.

In February 2023, an inspection report on both the male and female dorms at Mahdia was presented to the former Regional Education Officer for the region. In this report, it was highlighted that there was an urgent need for fire safety and prevention measures to be taken to ensure the safety of students living there.

Earlier in the day, that former Regional Education Officer had told the commission that she did not read the report but presented same to the Deputy Regional Executive Officer as she handed over her office in February as she was reassigned.

Nevertheless, Britton testified that although he

received the office, the education officer did not mention any specific urgent or important documents.

Against this backdrop, he mentioned that he also went through all of the documents that were left on the desk of the education officer and saw nothing of major importance, even as he highlighted that the inspection report was not there.

“This document was not part of the folder, it was not part of the handing over, none of the documents looked like this. The first time I saw this document was the day of the fire… when I received the call inquiring of this document then I started my probe to find out whether or not a document like this really existed,” he said.

To this end, he noted that he was able to get a copy of the report from the sub-officer, Ryan Scott who prepared the report as there was no trace of the document among the set the former education officer had handed over.

“Mrs Douglas said that she left the document in the office so I went down myself… and searched the office to find the document and came up with nothing. At that time, I sought the handing over statement because I’m

saying something as critical as this had to be in it… but I did not see anything mentioning a report,” Britton told the commission.

Meanwhile, when asked if a report of this nature is received by his office, Britton said that actions would be taken to ensure that there are budgetary provisions to effect the recommendations highlighted in such a report.

Britton added that the regional engineer would have been called, asked to conduct a site visit and prepare a bill of quantities to ascertain whether changes could have been accommodated immediately or whether finances would have to be pulled from other projects to address this.

Meanwhile, also giving sworn testimony on Thursday was former Permanent Secretary for the Ministry of Local Government and Regional Development, Prema Roopnarine.

Roopnarine too told the commission that the fire inspection report was not brought to her attention prior to Thursday.

She told the commission that the report was an alarming one and if it was brought to her attention, she would have made contact with the

US Deputy Trade Representative visits Guyana for discussions

THE Ninth Meeting of the CARICOM-United States (US) Trade and Investment Council was held Friday at the CARICOM Headquarters, Georgetown.

Foreign Secretary Robert Persaud led the Guyana team to the meeting which addressed trade and investment issues pertaining to Food Production, Labour, Good Regulatory Practices, Trade in Services and Intellectual Property.

The US Delegation for the council is being led by Deputy United States Trade Representative Ambassador, Jayme White, along with representatives from the Office of the Trade Representative, US Department of Agriculture and US Department of State.

Foreign Secretary Persaud and Ambassador White also met and discuss Guyana-US trade and investment-related issues on the margins of the Council meeting.

Deputy United States Trade Representative Ambassador Jayme White and Foreign Secretary Robert Persaud

Deputy Regional Executive Officer, Shawn Britton

Former Permanent Secretary of the Ministry of Local Government and Regional Development, Prema Roopnarine

Region Eight Regional Executive Officer, Peter Ramotar

Regional Executive Officer requesting an action plan to be created.

This, Roopnarine added would be an emergency and as such she stated that there are many things that can be done to see if monies could

be pulled from other budgeted items or have the plan sent to the Ministry of Finance to be made part of a supplementary budgetary request.

Additionally, the Regional Executive Officer, Peter Ramotar also told

the commission that he was only made aware of the report after the fire occurred in May and noted that immediate action should have been taken to address the recommendations made in this report.

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Groundbreaking laparoscopic surgeries transform healthcare in Guyana –– Four minimally invasive procedures successfully completed at GPHC

By Cindy Parkinson IN order to ensure that Guyanese citizens have access to healthier, safer, and more cost-efficient healthcare procedures, the Caribbean Association of Endoscopic Surgeons (CASES) successfully conducted four minimally invasive laparoscopic surgeries.

These surgeries were performed at both the Georgetown Public Hospital Corporation (GPHC) and the Institute of Health Science Education (IHSE) training facilities.

Dr. Leslie Ramsammy,

Advisor to the Minister of Health, Dr. Leslie Ramsammy

Advisor to the Minister of Health, expressed his pleasure in having the team from CASES in Guyana.

He said: “We are incredibly pleased to have the team from CASES in Guyana. As Guyana’s economy continues to grow, we are also ensuring that the health and safety of our people are also our priorities. Minimally invasive laparoscopic surgeries are one of the techniques that are being used to help heal, leave no scar, and have been proven to be a safer use of technology for surgical outcomes. We are working on equipping our hospitals with the equipment,

President of CASES, Dr. Wesley Francis

tools, and medical training so that all Guyanese can have access to these services and not just GPHC. The CASES team, along with our medical personnel, have done a wonderful job, which is wonderful news for our health sector and our people.”

The CEO of Georgetown Public Hospital, Robbie Rambarran, emphasised in his presentation the importance of the meeting, where specialists get together to research the field of laparoscopic procedures and transform the face of contemporary medicine.

Mr. Rambarran further stated that the combined dedication of GPHC and CASES to promote surgical research is forging a path towards better health outcomes for the people of Guyana.

He also noted that, with each passing day, the medical community in Guyana grows stronger, more knowledgeable, and better equipped to face the challenges of the future, all thanks to initiatives like these that foster collaboration, learning, and innovation.

The President of CASES, Dr. Wesley Francis, explained that the surgeries represented are an important turning point in Guyana’s health sector.

He also mentioned that his organisation promotes and builds capacity for minimally invasive surgery within the region.

Dr. Francis said, “We go from territory to territory and perform surgeries, but we also have an educational programme in the country so that we can learn from each other, teach each other, and benefit from improved techniques that we would have learned.”

He also stated that their mantra is “improving care” and elevating the level of care of the patients in every territory that they visit.

Dr. Francis emphasised that the ground-breaking operations that were performed by CASES professors demonstrated the highest level of medical knowledge, which proved that they were not just proof of the surgeons’ skills but also indicated a huge step forward for Guyana’s medical development.

He also said that the successful conclusion of these intricate surgeries portends a bright future for the provision of healthcare in the area and establishes new benchmarks for surgical techniques.

Furthermore, the president of the organisation said that the day’s importance went beyond the operating rooms. According to him, the participating surgeons from Caribbean countries and the numerous residents of the IHSE Surgical Programme underwent rigorous training in fundamental laparoscopic suturing methods as part of a comprehensive educational programme.

He also said that “the attendees left the programme with priceless skills and knowledge that would certainly influence the future of surgical practices in the area.”

One of the distinctive features of this educational project was the live-streaming of the operations from the operating room to a special area where participants carefully watched the proceedings. They were able to watch the surgeries in real time, giving them a unique opportunity and a long-lasting effect on their careers. All participants who finished the training satisfactorily received diplomas as a sign of these efforts’ successful conclusion. The training was led by seasoned specialists.

The Director of Medical and Professional Services, Navindranuath Rambarran, expressed his gratitude and praised the outstanding advances in technology seen in Guyana and the greater Caribbean region.

He was proud of the area’s surgeons for highlighting their proficiency in these cutting-edge surgical techniques, which demonstrated the area’s expanding medical superiority.

The renowned surgeons and professors from the CASES organisation successfully completed the laparoscopic cholecystectomy using ICG technology, the Roux-en-Y gastric bypass, tip inguinal hernia repair, and the laparoscopic hysterectomy procedures for the first time in Guyana.

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Gov’t invites revised proposals for Amaila Falls project

THE Government of Guyana has invited Revised Requests for Proposals (RFP) under a BuildOwn Operate-Transfer (BOOT) model for the Amaila Falls Hydro Project (AFHP).

An official document from the Office of the Prime Minister, seen by this publication, stated that interested parties must submit one proposal covering the construction of the Hydro dam with a design to deliver at least 165 MW including transmission lines and Sub-Stations that include transmission lines from Amaila to Linden and sub-station at the Amaila site.

The revised proposal must also include the establishment of transmission lines from Linden to Georgetown including substation/s at Linden to allow for the integration with the Guyana Power and Light GPL Grid (at 230 KV) and Control Centre that will be constructed at Eccles, Georgetown.

The proposals must be based on a BOOT model and submitted no later than

November 28, 2023 to the Chairman of the National Procurement and Tender Administration Board.

Just last week, Vice President and People’s Progressive Party (PPP) General Secretary, Dr. Bharrat Jagdeo, announced that the government will request proposals for the much-anticipated AFHP. It was reported that the Government had received several proposals and that Korea, Austria, and Brazil have shown interest in the project.

According to the document, the revised RFP follows a 2021 RFP based on a combined project (Hydro and T-Lines) under either a BOOT or DB-F option as such any party who registered in 2021 is required to re-register and obtain an RFP. The RFP will be conducted in three stages, which include the pre-qualification of parties capable of undertaking each of the above (hydro and transmission lines/substations) which is due by November 28.

Pre-qualifications will

be conducted on a rolling basis, following which pre-qualified candidates will be allowed access to the data room.

In the second phase, pre-qualified parties will be asked to provide feedback on the preliminary project structure and project documents.

This response will be used to revise the initial project structure and project documents with the objective of issuing the final RFP

by January 31, 2024.

Meanwhile, at the final phase, formal RFP submissions based on the final project structure and contractual documents will be required 45 days after issuance of final project structure and contractual documents.

The government had indicated since last year that it would have to go back to tender for a company to construct the project,

An artist impression of the Amaila Falls Hydro Project after it was forced to terminate a contract with China Railway Group Limited (CRGL).

The termination happened after CRGL had difficulties honouring its commitment to the Build-Own-Operate-Transfer (BOOT) contract that it had signed on to.

After winning the bid for the BOOT contract, the company requested to

change the BOOT contract’s arrangement to an Engineering, Procurement, and Construction (EPC) contract.

Under an EPC, CRGL would be responsible for all the engineering, procurement, and construction activities, and deliver the completed project to the government within a predefined time and cost. However, that would require the

government to source the financing, whereas, under the BOOT model, the project is financed by the contractor.

The AFHP was first identified in 1976 by the Canadian company “Monenco’ during an extensive survey of hydroelectric power potential in Guyana. Various studies have since justified and strongly supported the construction of the AFHP.

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Guyana’s first female helicopter Guyana pushing for large pilot visits Camp Ayanganna scale honey production MS. Barbara Adams, the first woman in Guyana to hold a commercial helicopter pilot’s licence, recently paid a fleeting visit to Base Camp Ayanganna.

Adjutant General, Colonel Lorraine Foster, along with a team from Defence Headquarters, received her.

Ms. Adams is currently in Guyana for the Ex-GDF Officers’ 2023 reunion.

The Bishops High School graduate, who was attending the University of Guyana at the time, was chosen to attend the Oxford Air Training School in England. She triumphantly finished the programme, and obtained a Commercial Pilot’s Licence in 1977.

She achieved the historic feat of becoming the inaugural female helicopter pilot in the United Kingdom, and remains the sole female helicopter pilot in Guyana.

Following her graduation, she joined the Guyana Defence Force as an Ensign officer,

Ms. Barbara Adams receiving a plaque from Adjutant General, Colonel Lorraine Foster during her recent visit to Base Camp Ayanganna

specifically assigned to the GDF Air Corps.

She piloted the Bell 206 and Bell 212 helicopters on numerous missions alongside the then President of Guyana Forbes Burnham, as well as various rescue missions for the GDF. She later migrated to the US. Throughout her career, Ms. Adams was the recipient of numerous professional accolades, including the Pioneer Aviator Award bestowed

by Prime Minister Samuel Hinds in October 2013, the Trail Blazer Award presented by the Guyana Unity Movement in June 2018, and the 2019 Excellence Award awarded by the Guyana Association of Georgia.

She occasionally her love for flying via her family’s flying Club in her adopted hom’s flying Club in her adopted home state of Georgia.

Ms. Adams Wilson is the proud mother of three adoring children.

–– Cuban specialist to provide support - Minister Mustapha

By Naomi Parris

GUYANA is preparing to increase its domestic honey production with the assistance of Cuban specialists, according to Agriculture Minister Zulfikar Mustapha.

Speaking to reporters at a press conference earlier this week, Mustapha revealed that the country is producing honey on a small scale. At the upcoming Agri Invest-

Martinique.

Meanwhile, the global honey market size is expected to expand at a compound annual growth rate (CAGR) of 5.2 per cent from 2022 to 2030, and expanding Guyana’s honey industry is high on the government’s agricultural development agenda.

In 2022, Guyana produced over 3,700 gallons of honey and the Ministry of Agriculture here has vowed to support bee farmers.

ment and Forum to be held here, Guyana and Cuba will sign an agreement to foster partnerships within the agriculture sector.

“We have some specialists from Cuba that will help us to start our apiary in Guyana. We have already identified two regions, Region Nine and One and we are hoping to go largescale on the production,” Mustapha said.

“We are opening up opportunities for a number of persons we have been working with a number of persons; as it stands now, Guyana is producing honey but on a small scale,” he added.

According to a recent article published in the Bee Culture -The Magazine of American Beekeeping, Cuba produced more than 10,500 tonnes of honey in 2021.

The publication’s figures indicated a total of approximately 500 organic beekeepers in the country.

Supported by the government, Cuba’s honey-making industry has continued to grow, with record exports of 8,500 tonnes in 2021, mainly destined for markets in Western Europe, Canada, Japan, the Bahamas, and

Mustapha, in a report earlier this year, said that the ministry, through the Guyana Livestock Development Authority (GLDA), has been working to develop the industry, especially in the hinterland communities.

“The GLDA was tasked with developing a comprehensive plan for the industry and has commenced working with new and existing beekeepers so that they can either establish or expand their operations. This will continue in 2023,” Mustapha said.

During the course of 2023, persons from Regions One, Five, Six, and Nine will benefit from additional support to further develop Guyana’s honey industry.

This, he added, will enable persons to view bee rearing as an economic activity.

In 2021, the global honey market was said to be valued at US$8.58 billion.

With honey being a natural sweetener and an excellent source of numerous nutritional ingredients including vitamins, minerals, calcium, and antioxidants, the global demand for pure and unadulterated honey continues to increase.

Guyana set to boost revenue from carbon credits

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GUYANA CHRONICLE, Saturday, October 14, 2023

–– waiting for right time to enter market with carbon credit offering, finance minister says

GUYANA is doubling down on carbon credit deals in an effort to offset its environment footprint at a time when the fledgling energy exporter is developing vast offshore oil reserves.

The South American country signed an agreement with US oil and gas producer, Hess Corporation, in late 2022 and Finance Minister, Ashni Singh, told LatinFinance his office was ready to launch new deals when the market is right.

The deal with Hess,

larly important to the country as private companies, led

by ExxonMobil, ramp up oil production more than 100 miles off the coast.

More than 25 discoveries have been made in Guyana’s waters and the country will be producing around 1.2 million barrels per day by 2027.

which is part of a consortium developing oil blocks in Guyana, represents $750 million worth of carbon credits over 15 years.

That represents about one-third of the carbon credits that Guyana has to offer, Singh said. “We received several other offers when we reached the agreement with Hess. We know that there is interest,” he said in an interview on the sidelines of the World Bank/IMF annual meeting in Marrakech, Morocco. “We are watching the market. Timing is important to get the best possible price,” he said.

Carbon credits are considered the third income stream after domestic revenue mobilisation and oil revenue. While Singh said issuing a sovereign bond could happen in the future, the country wants to make a name for itself with its carbon credits.

The Hess deal is particu-

from Norway.

Two-thirds of Guyana is covered by Amazon forests and President Irfaan Ali’s government wants to capitalize on the fact that the country has avoided the rampant deforestation that has blighted the seven other members in the Amazon Cooperation Treaty Organization.

It is ranked first among 33 nations worldwide in a new category known as high forest cover/low deforestation countries.

“Preserving standing forests is the most efficient way to combat climate change,” said the minister.

“We have safeguarded our forests and we should be compensated for this.”

The government is also trying to reduce greenhouse gas emissions from its energy sector by transitioning from fuel oil to natural gas, hydroelectric plants and solar for power generation.

RAMPANT DEFORESTATION Guyana’s first deal on forests came in the first decade of this century, when it got around $250 million

It also is taking pains to put in place mechanisms to make sure new transportation and agri-business infrastructure is green. The plan is to add 50,000 acres

of new farmland with irrigation and drainage systems that ensure the units are environmentally friendly. Singh said that while Guyana is on its way to

becoming a big oil producer, its forests and small footprint actually make it a carbon-sink country.

“People know what is happening with oil, but

there is a parallel story with sustainable forest management. In some ways, it is an even bigger story than oil,” he said.

(LATINFINANCE)

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CRICKET QUIZ CORNER (Saturday October 14, 2023) COMPLIMENTS OF CUMMINGS ELECTRICAL COMPANY LTD- 83 Garnett Street, Campbellville, Georgetown (Tel: 225-6158) Answers to yesterday’s quiz: (1) Clive Lloyd (2) Clive Lloyd Today’s Quiz: (1) Who led his team to the 179 World Cup title?

(2) Who was declared Man of the Match?

Answers in tomorrow’s issue ……………………………………………………

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GUYANA CHRONICLE, Saturday, October 14, 2023

New Zealand make it three in three

Kane Williamson resumed international cricket by doing Kane Williamson things, scoring a precise 78 against Bangladesh.

He shepherded New Zealand close to the eight-wicket win, but couldn't quite see the chase through, as he left the field retired hurt in the 39th over.

Daryl Mitchell got New Zealand home with 43 balls to spare, putting the seal on the team's dominating start to this World Cup. Williamson missed seven months of competitive cricket due to a right knee injury he sustained during last season's IPL, and his World Cup return was thought to be improbable at the time. Even when he was named in the New Zealand side as their captain, he was expected to miss the initial stages of the competition. But not only did he return sooner than expected, Williamson showed little drop in quality, as he went through the

gears against Bangladesh.

Williamson struck ten fours and a six in his 108-ball 78, eventually going off with cramps. More than his innings, Williamson's biggest contribution was to add to two sizable partnerships.

First, he made 82 for the second wicket with Devon Conway after New Zealand lost an early wicket. Then alongside Mitchell, he added 108 runs for the third wicket. It made the chase an easy one for New Zealand as they won with plenty to spare.

At the start of New Zealand's 246-run chase, Bangladesh gave their fans some hope when Mustafizur Rahman removed the high-flying Rachin Ravindra, opening for the first time in ODIs, in the third over.

Mustafizur produced a second chance shortly afterwards when Conway, batting on 4, drove away from his body, only for Mehidy Hasan Miraz to drop

the chance at point. It was a difficult diving chance, but that one sticking could have charged up Bangladesh.

Soon after the reprieve, Conway struck Shoriful Islam for two fours to break free.

Williamson then took his turn on Shoriful, cracking him over point and through point and cover in the 10th over. Then, it was Taskin who went for two fours in the 13th over, before he dropped Williamson at short midwicket when the New Zealand captain was on 27.

Shakib, who suffered that drop, broke the second-wicket stand when he trapped Conway lbw for 45 off 59 balls.

Conway's attempted reverse sweep went awry as he missed the shot, hitting his back leg. The Conway wicket, however, did little to help the Bangladesh cause as the next batter, Mitchell, immediately picked up the pace.

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GUYANA CHRONICLE, Saturday, October 14, 2023

UCI Manchester, England world masters cycling championships…

James ‘Joelyn’ Joseph captures match sprint gold and time trial silver

By Joe Chapman

Guyana’s two-time Olympian James ‘Joelyn’ Joseph, kept the Golden Arrowhead flying at this year’s recent International Cycling Union (UCI) World Masters Track Cy-

cling Championships.

The event, which was staged at the National Cycling Centre in Manchester, England, ended last Saturday after eight days of competition.

Some eighteen-world championship Santini rain-

bow jerseys were handed out to riders from around the world, including one to ‘Joelyn’ Joseph, who won the Gold Medal in the 65-69 Men’s Match Sprint 200m race, his pet event.

He also gained a Silver Medal in the 500m Individu-

GFF signs MoU with Racing Madrid Football Club to develop young talent

al Time Trial and placed fifth in the 20 lap Scratch Race.

Speaking to Chronicle Sport after his return to his base in New York, Joseph noted “it was a different matter this time around, after his showing last year when he battled mechanical problems and could not place better than sixth place finishes in the 2022 UCI Match Sprint, Scratch and Time Trial and again was sixth also in the National Criterium Race in Augusta, Georgia earlier this year.”

This time around in Manchester, England, Joseph remarked his performances were great as he experienced no problems or stress.

Last Thursday, Joseph faced 15 qualifiers from around the world contesting the Men’s 65-69 Masters

Sprint over a distance of 200m. This he won ahead of the USA’s Kurt Sato. Another USA cyclist Jay Wolkof came third.

Last Tuesday, the fourth day of the championships, James, competing in the Men’s 65-69 years’ 500m Time Trial, placed second to Australia’s Paul Jackson.

In the Scratch Race, Joseph noted this event had about 20 cyclists and in the bell lap “I was either 8th or 9th position as the cyclists were not steadying on their bikes,” and due to this he could not break through as he had to settle for fifth place.

It must be recalled that Joseph’s first showing at a world championship was the San Cristobal, Venezuela-held Senior UCI World

Championship 46 years ago, when he placed 9th / 12th in the sprint in 1977.

Joseph had represented Guyana at two Olympic Games, the first was the 1980 Olympics in Moscow, Russia; he finished 9th overall in the Match Sprint and 22nd at the 1984 Games in Los Angeles.

In October 2017, Joseph shattered the then 200m Flying Start world record at the UCI’s World Masters Championship in California, riding in the 60-64 age group. He clocked the top time of 11.42 seconds in the Flying Start of the Match-Sprint race, which bettered the previous record of 11.73 set by Victor Copeland of USA.

GFF announces Golden Jaguars squad for Puerto Rico match today

Wayne Forde (left) and Racing Madrid President, Steve Nijjar The Guyana Football Federation (GFF) and Racing Madrid Football Club (RMFC) of Spain have embarked on a groundbreaking partnership to elevate youth football to new heights across Guyana with the signing of a Memorandum of Understanding (MoU) on Wednesday in Georgetown.

The landmark partnership was formalised on October 12 with the signing of the MoU between GFF President, Wayne Forde, and RMFC President, Steve Nijjar, at the GFF Georgetown headquarters.

RMFC is a professional football club based in Madrid, Spain, with ties to Genova international school, which is recognised as one of world's largest and most successful academy for player pathways and development.

President Forde noted that the MoU, which is the federation’s first partnership with a European club, symbolises the beginning of a transformative collaboration between the GFF and RMFC with the focus being to provide valuable opportunities and resources to nurture and promote young talent.

“This is the GFF’s first partnership with a professional European football Club and we are all very excited about the many possibilities our collaboration with Racing Madrid will create. Together, we will embark on a wide range of capacity-building initiatives with special emphasis on the development, mentorship and international exposure of youth coaches.”

RMFC President Steve Nijjar added that they are, “Absolutely delighted to

have this partnership with the Guyana Football Federation and we are looking forward to helping all the players and the coaches in Guyana to get to the next step and improve the game.”

“Our goal is to help the country of Guyana get into the next World Cup, whether it be Youth World Cup or Senior Men's World Cup, and that is what we are going to work hard for through Racing Madrid and Geneva Football School.”

The MoU also facilitates the organisation of international youth camps aimed at preparing gifted Guyanese players for upcoming competitions and provides valuable technical assistance to enhance the already established GFF National Youth Academy Centres.

Forward Omari Glasgow and midfielder Nathan Moriah-Welch have been included in Guyana's 23-man squad for the much-anticipated Concacaf Nations League Group Stage match against Puerto Rico at the St Kitts and Nevis Football Technical Centre (SKN), today.

Guyana must secure a victory to claim the top position in League B, Group D, which includes Antigua and Barbuda and the Bahamas.

Currently, Puerto Rico holds the leading position with six points, determined by goal difference.

The Guyana Football Federation (GFF) Senior Men’s National Team coaching staff is confident that the chosen squad possesses the necessary skills and abilities to overcome Puerto Rico.

The selected squad has three goalkeepers, ten defenders, six midfielders and four forwards.

Goalkeepers: Quillan Roberts, Akel Clarke and Kai McKenzie-Lyle.

Defenders: Jeremy Garrett, Curtez Kellman, Jalen Jones, Reiss Greenidge, Colin Nelson, Leo Lovell, Raushan Ritch, Liam Gordon, Jonathan Grant and Amos Ramsay.

Midfielders: Daniel Wilson, Stephen Duke-McKenna, Nathan Moriah-Welsh, Darron Niles, Ryan Hackett and Elliot Bonds.

Forwards: Omari Glasgow, Kadel Daniels, Deon Moore and Kelsey Benjamin.

Crowd favourite and topscorer, Glasgow, has consistently proven himself as a valuable asset to the team, scoring four goals so far this season against Antigua and Barbuda and Bahamas.

The 19-year-old Chicago Fire Football Club player’s agility, speed and technical skills make him a formidable force on the field.

Bournemouth Football Club player, Moriah-Welch is back on the national team to bolster the midfield play.

Additionally, the defensive line-up has been

strengthened with the inclusion of Reiss Greenidge from Maidstone United Football Club and Jonathan Grant from York United Football Club.

Both teams have demonstrated exceptional performances in the 2023/2024 Concacaf Nations League Group Stage, setting the stage for an exciting showdown.

The Golden Jaguars have made an impressive start, securing a resounding 5-1 victory over Antigua and Barbuda on September 9, followed by a remarkable 3-2 triumph against the Bahamas in their first home game on September 12.

Meanwhile, Puerto Rico in their inaugural participation in League B, has also shown their prowess on the field with a remarkable September 9 6-1 victory over the Bahamas, followed by an impressive 5-0 win against Antigua and Barbuda on September 12.

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GUYANA CHRONICLE, Saturday, October 14, 2023

One-Guyana Basketball Premier League

Three matches on today

THE action resumes today at the National Gymnasium Basketball Court from 17:00hrs when the One-Guyana Basketball Premier League shifts into round four with three highly anticipated matches.

In the first match, Cummings Lodge UG Trojans will match skills with Meadowbrook Nets. In the second match, which tips off at 19:00hrs, Plaisance Guardians will play North Ruimveldt Black Caimans.

The feature match will see Worthmanville Pacesetters playing the Guyana Defence Force.

During the league, teams from the Jaguar and Harpy Eagle Conferences will face each other twice within their respective groups.

The top four teams will progress to the playoffs, where the first-ranked team will compete against the fourth-ranked team, and the second-ranked team will take on the third-ranked team.

The victors of these playoff matches will move on to the Conference Finals, where they will engage in a best-of-three series to determine the finalists for the National Championship.

Participating teams in

the Jaguar Conference include Stabroek Eagles, Leonora D-UP Rising Stars, Cummingsburg Bounty Colts, Lamaha Park/Springs Pepsi Sonics, Bagotstown/ Prospect Kobras, Cummings Lodge, and UG Trojans.

Meanwhile, the Harpy Eagle Conference features teams including Kitty/Campbellville Ravens, South Ruimveldt Ravens, Plaisance Guardians, Guyana Defence Force, Wortmanville/Werken-Rust Pacesetters, North Ruimveldt Caimans, and Kwakwani Untouchables.

The championship-winning team will receive a prize of $1 mil-

Action at the Gymnasium basketball court last weekend (Delano Williams photo) lion, along with trophies, while the runners-up will be awarded $500,000 along with trophies. The successful execution of this

tournament has been made possible through sponsorships from the Ministry of Culture, Youth and Sport, G-Boats Guyana,

the National Sports Commission, the Guyana Basketball Federation, and the Georgetown Basketball Federation.

NSC’s Badminton Tournament opened by DoS Ninvalle

Players wear Pink in observance of Cancer Awareness Month On Thursday evening at the National Gymnasium on Mandela Avenue, the National Junior Badminton Tournament opened.

Sponsored by the National Sports Commission (NSC), Director of Sport, Steve Ninvalle, gave the feature address to officially open the tournament.

The tournament, which

has U-11, U-15 and -U19 players from Demerara and Berbice competing for top honours, was scheduled to continue last night and conclude with the finals today.

“The Guyana Badminton Association (GBA) observed breast Cancer Awareness by asking everybody to wear pink since this month is Pinktober. So, it’s like a social

issue we tried to highlight as part of the Tournament to keep up with things that are happening,” informed GBA President, Emily Ramdhani.

Ninvalle told the gathering, which comprised players, officials and members of the NSC, that anything the NSC does they look at the foundation.

“When I look out and see

the foundation of Badminton in Guyana, it’s exceedingly important that we place emphasis on the nursery of not only your core sport but all other sports disciplines.

From the level of the National Sports Commission, we are very heartened by what we see happening in Badminton. Badminton reaches out as one of the

more organised Core sports,” informed Ninvalle to loud applause from the players and officials.

“That is when we get a request from the Guyana Badminton Association, we tend to treat it as a priority because of the level of organisation and level of what you are doing at the Academy.

Now I want to ask one

thing…it’s very important that you have players from Berbice but for your next Junior tournament I want to see players from Essequibo too. This is a challenge I want to throw out to the Executives of the Badminton Association… Let’s try and make it as National as possible,” posited the Director of Sports.

Courts Optical Pee Wee football tournament

Knock out rounds begin today

The Knockout phase of the Courts Optical Pee Wee Football tournament commences today with matches at the Ministry of Education ground on Carifesta Avenue.

In the first game from 11:00hrs, Redeemer plays Kabakaburi.

At 12:00hrs, a double header between North Georgetown Primary and Potaro Primary is expected

to take centre stage while St Johns plays St Stephens.

At 13:00hrs, F.E Pollard will play Den Amstel, along with an exhibition game.

Marian Academy and Collaco clash at 14:00hrs, along with the West Ruimveldt and Tucville clash.

St Pius and Friendship are slated to play at 15:00hrs, along with Enterprise Primary and St Gabriel’s Primary.

Knockout action in the Courts Optical Pee Wee football tournament begins today

GUYANA CHRONICLE, Saturday, October 14, 2023 NSC’s Badminton Tournament opened by DoS Ninvalle

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Players wear Pink in observance of Cancer Awareness Month SEE PAGE

35

Director of Sport Steve Ninvalle (Standing middle back row) with the players and GBA officials at the opening of the Nat Jnr Badminton tourney

GFF announces Golden Jaguars squad for Puerto Rico match today

SEE PAGE

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Omari Glasgow

| SATURDAY, OCTOBER 14, 2023