Guyana Scales Back Borrowing as Elections Test Oil Boom Stability

Guyana Scales Back Borrowing as Elections Test Oil Boom Stability

Guyana’s government will reduce external borrowing for major infrastructure projects, Vice President Bharrat Jagdeo said, citing the country’s swelling oil revenues and a growing push for fiscal restraint. Speaking at a press briefing, Jagdeo said new revenue flows made it unnecessary to pursue as many external loans for transport and energy projects as previously planned, adding, “We have cash balances,” Demerara Waves reported. The Vice-Presid…

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Performance, suitability, people skills are among criteria for Ministers in new Cabinet – Jagdeo

…says new PPP/C Govt will reorganise Ministries, agencies to deliver efficiency With the People’s Progressive Party/Civic seeking a second term in office, the party’s General Secretary, Bharrat Jagdeo, said none of the current Cabinet Ministers are guaranteed a position in the next PPP/C Administration as he highlighted some of the key characteristics that they will be looking for in the new cohort of Ministers. Asked by Guyana Times about the c…

No candidate promised a gov’t role yet

The People’s Progressive Party Civic (PPP/C) has not yet promised any candidate a position in government should the party be re-elected but its General Secretary Dr. Bharrat Jagdeo said young candidates will be involved in capacity-building exercises. During his weekly press conference, he highlighted the inclusion of several young persons on the PPP’s list of candidates for the 2025 General and Regional Elections. One candidate, Jagdeo said, is…

Guyana to reduce borrowing for infrastructure projects

Last Updated on Wednesday, 16 July 2025, 22:57 by Writer Vice President Bharrat Jagdeo on Wednesday said Guyana would be borrowing less and spending more of its oil revenues to build major social and physical infrastructural projects as part of a broader plan to ensure the economy is sustainable after all the oil is extracted. ...