Category: Publications

12 Apr
12 Apr
By: Tanika Jones 0

MONEY TRANSFER AGENCIES TYPOLOGY 2016-2018

Globalization of financial services and the financial sector facilitated by rapidly advancing technology has resulted in the movement of funds across the world via Money Transfer Agencies (MTAs) to be quite seamless. Money Transfer Agencies, in this context, refer to entities which carry on the business of transferring sums of money electronically between persons locally and internationally. The speed with which money can be transferred, at relatively low cost, along with the MTAs’ accessibility and worldwide reach have made them a viable channel through which funds can be laundered. Our observation of a sample of MTA data over the period 2016-2018 provides indications that MTAs are being used to create layers of transactions, facilitating the distancing of illicit funds from its source through a series of complex transfers. Sending funds through MTAs, while acting in one’s own capacity or as a proxy, affords a criminal an opportunity to place illegitimately acquired money into the financial system; sometimes by direct credit of MTA transactions to accounts of the final recipient.

MTA Typology 2016 – 2018
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09 Apr
By: Tanika Jones 0

Third Issue of the Public Debt Report, Quarterly Statistics for December 2018

The Debt Management Division (DMD)has released its Third Issue of the Public Debt Report, Quarterly Statistics for December 2018. The Report provides information on both the external and domestic public debt. In particular, the external debt coverage includes Borrowings from: Central Government, Bank of Guyana, Public Corporations (State-Owned Enterprises), Government Guaranteed and Non-Guaranteed Public Corporations, whilst the domestic debt coverage includes: Securities (Treasury Bills, Debentures and Bonds) and domestic Loans.

Third Issue of the Public Debt Report, Quarterly Statistics for December 2018
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09 Jan
By: Tanika Jones 1

Public Debt Report – Quarterly Statistics, September 2018

Guyana’s Public Debt Report Quarterly Statistics for the Third Quarter of 2018 (September 2018) provides information on both the external and domestic public debt.

The external public debt comprises borrowings of the following:

  1. Central Government;
  2. Bank of Guyana;
  3. Public Corporations (State-Owned Enterprises)
  4. Government Guarantees;
  5. Non-Guaranteed Public Corporations

The domestic public debt comprises the following instrument categories:

  1. Securities (Treasury Bills, Debentures and Bonds)
  2. Loans

NOTE: The Statistical Abstract does not include information on the private sector external debt.

Public Debt Report – Quarterly Statistics, September 2018
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03 Jan
By: Tanika Jones 1

Budget At A Glance 2019

“Budget 2019 has been crafted under the theme, Transforming the Economy, Empowering People, Building Sustainable Communities for the Good Life. It signifies a strategic shift in the trajectory of our development, as we seek to responsibly use the resources from oil and gas to shape our future through investing for growth and creating new industries and jobs. Budget 2019 prioritizes institutional strengthening across sectors, including strengthening public investment management; expanding opportunities for businesses to grow and flourish; and supporting Government’s green economy initiatives while aiming to support the development of the non-oil sector. Diversification is the core of what is required to accomplish these goals and, is even more important in the face of oil, especially to ensure that the non-oil sector flourishes and thrives, such that when Guyana’s petroleum reserves are depleted, the country can stand strong on a foundation that is diversified and resilient. Budget 2019 also zeroes in on the human side of development, with substantial resources dedicated to uplifting health and education, pure water supply and sanitation, driving the decent housing agenda, green energy, improving the drainage and transport networks and youth development, among other areas. All of this will be done in the context of improved macroeconomic fundamentals and sound public finances.”

Hon. Winston Jordan

Minister of Finance

Budget At A Glance 2019
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23 Nov
By: Tanika Jones 0

Public Debt Annual Report 2017

In 2017, the world economy achieved better-than-expected results, following the U.S. tax policy reform and notable improvements that were observed in Europe and Asia. At the same time, accommodating commodity prices and better financial conditions sustained economic expansion in the Latin American and Caribbean region. In face of this global expansion, the Guyanese economy did not meet the expected growth, due to weaker-than-anticipated performances in the mining and quarrying and construction sectors as well as sugar and livestock. These were sufficiently large to offset better-than-projected growth in the other agriculture, fishing and forestry, manufacturing, and services sectors. The real economy grew by 2.1 percent in 2017, slightly below the 3.3 percent achieved in 2016. The risks noted in the 2018 Budget Speech—unpredictable commodity prices, climate change and international financial market disruptions—remain relevant since they have the ability to derail growth projections.

Public Debt 2017
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