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Topic: Bank of Guyana

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	The Bank Of Guyana
		It is primarily responsible for the maintenance of the Bank�s premises, its equipment and office furniture and to ensure that the utility services responsible for generation of electricity and water are adequately maintained, reliable and operational.
		The first Bank of Guyana currency notes were put into circulation on November 15, 1965 and were in denominations of $1, $5, $10 and $20.
		The Research Department in the Central Bank is primarily an economic intelligence unit used for the collection and analyses of data on all aspects of economic life in the economy.
	www.bankofguyana.org.gy /bogorganisation.htm (1844 words)

	MSN Encarta - Guyana
		Guyana is a major producer of bauxite; 1.5 million metric tons were mined in 2003.
		In 2002 Guyana generated 808 million kilowatt-hours of electricity, 99 percent of which was produced in thermal facilities.
		The Bank of Guyana, established in 1965, is the central bank.
	encarta.msn.com /encyclopedia_761562228_3/Guyana.html (328 words)

	Welcome to www.guyanachronicle.com --- Top Stories-pg
		Guyana and several other Caribbean countries signed onto the PetroCaribe Agreement on June 29 with Venezuela at the PetroCaribe Summit hosted by Venezuelan President Hugo Chavez at Puerta la Cruz.
		The focal point of the summit was enabling Guyana and other Caribbean and South American countries to benefit from a concession designed to help mitigate the possible effects of rapid export of foreign exchange on economies resulting from increased fuel prices on the international markets.
		A WEST Bank Demerara family is still very shaken after being terrorised by four gunmen who stormed into their home and robbed them of cash and gold jewels on Wednesday night.
	www.guyanachronicle.com /topstory.html (2131 words)

	Index of Economic Freedom 2004 - Countries (Site not responding. Last check: 2007-09-14)
		Guyana gained its independence from the United Kingdom in 1966 and throughout the 1970s and 1980s pursued an inward-looking development strategy that transformed it into one of the poorest countries in the Americas.
		Guyana’s government intervention score is 1 point worse this year; however, its fiscal burden of government score is 0.7 point better, and its banking and finance score is 1 point better.
		According to the World Bank, Guyana’s weighted average tariff rate in 2001 (the most recent year for which World Bank data are available) was 9.9 percent.
	cf.heritage.org /index2004test/country2.cfm?id=Guyana (1000 words)

	Bank Members - GUYANA
		Citizens Bank Guyana Inc. was incorporated in Guyana in November 1993 and began operations in November 1994 with 100% of its capital being held by Citizens Bank Ltd (Jamaica).
		In October 1998, the 70% interest held by Citizens Bank of Jamaica was acquired by local shareholders resulting in Banks DIH Ltd. holding 51%, Hand-in-Hand Mutual Fire Insurance Co Ltd. 17.5%, Continental Group of Companies 15.5% and the remaining 16.5% being held by 62 shareholders.
		In 1987, Barclays Bank sold their local operations to the Government of Guyana, and the Bank was renamed Guyana Bank for Trade and Industry Limited.
	www.caibinc.org /custom/index.cfm?id=32597 (823 words)

	Guyana News Briefs -- 13 December1996
		Guyana's delegation to the summit included Navin Chandarpal, Adviser to the President on Science and Technology and Guyana's Ambassador to the USA and the OAS, Odeen Ishmael.
		The Bank of Guyana on December 10 announced the issue of a new 1,000-dollar note that goes into circulation from December 23.
		Guyana has had to introduce large currency notes since the rapid devaluation of its dollar in the 1980s and early 1990s.
	www.guyana.org /GuyNews/12_13_96.htm (1112 words)

	Guyana Online Tourist Guide- Things to Do & See (Site not responding. Last check: 2007-09-14)
		Georgetown - Guyana's capital city and chief port - is situated on the right bank of the estuary of the Demerara River.
		A glimpse of the Cathedral's interior is highly recommended as the story of the building is told on its interior walls on tablets and memorials of a historical and sentimental nature.
		It is the tale of the history of Guyana and of the Diocese in particular.
	www.turq.com /guyana/georgetown.html (813 words)

	The Washington Times - Guyana
		The bank was incorporated on Jan. 20, 1992 as a private limited liability company under the Provision of the Companies Act, Chapter 89:01, and was licensed to carry on the business of banking on Oct. 1, 1994.
		As the mission statement of the bank reflects, the bank is committed to meaningful involvement as part of its obligation to society.
		A RIBS banking application allows functionality for all areas of the retail banking operations as well as in-house check printing, signature display and capture and archiving of reports and statements on optical media.
	www.internationalspecialreports.com /archives/00/guyana/7.html (705 words)

	Bank Problems in Guyana - KnowProSE.com
		I've been in Guyana almost a month now, and I realized that I haven't had much time to write about my experience in Guyana so far other than work.
		Guyana is the only country I have been to where an international ATM cannot be found.
		The banking infrastructure throughout the Caribbean has been severely lagging - even in the 'tiger of the Caribbean', Trinidad and Tobago.
	www.knowprose.com /node/3038 (572 words)

	Guyana Banking - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International Agreements, ...
		In 1987 the banks experienced a shock when the government emphasized bond issues rather than borrowing from commercial banks as a way of financing its deficits.
		This shift in government policy placed the banks in a difficult position because they could make few loans and thus few profits; there were then almost no private entities seeking financing.
		Until then, the Bank of Guyana had been the only legal source of foreign currency, forcing local banks to hold Guyanese dollars even when a devaluation was expected.
	www.photius.com /countries/guyana/economy/guyana_economy_banking.html (254 words)

	The Washington Times - Guyana
		The regulatory body of commercial banks and nonbank financial institutions, the Bank of Guyana, has been strengthened with the passage of the Financial Institutions Act (1) of 1995 and help from the World Bank and International Monetary Fund.
		Controls on interest rate and bank credits have been removed and a more market- oriented approach through the indirect instruments of reserve requirements, open-market type operations and control of discount facilities has been implemented.
		Ganga said that a development bank that has been proposed by the private sector would, like any other development bank, specialize in medium and long-term loans for industrial projects that commercial banks would not supply.
	www.internationalspecialreports.com /archives/00/guyana/6.html (606 words)

	National Bank of Industry and Commerce Limited (NBIC), Guyana - About Us- Press Releases - March 2003 (Site not responding. Last check: 2007-09-14)
		In light of a disturbing trend that affected the flow of the series, the Bank recognised the urgent need for a decision regarding the continuation of the series and put the sessions on hold on February 6, 2003, to deliberate their actions.
		The Bank is deeply saddened at their decision but believes that, judging from the performance of the start of the series this year, the primary objective of their sponsorship was not being met.
		The Bank commenced the process of integrating the former GNCB operations into its network on Monday, March 17th 2003 and to date the process has been smooth and in accordance with plans.
	www.nbicgy.com /aboutus/pressrel/mar2003.htm (1061 words)

	Caribbean Islands Vacations to Guyana \| Caribbean Tourism Organisation
		Guyana's Amerindians make all of the hand-crafted goods on offer in the 16 booths of Georgetown's Hibiscus Plaza.
		Shell Beach on Guyana’s north-east coast is a 90-mile (145km) stretch of millions of tiny shells — and a nesting ground for hawksbill turtles.
		The main banks are Guyana National Co-operative Bank, Bank of Nova Scotia, Citizen’s Bank, Demerara Bank, Guyana Bank for Trade & Industry, National Bank of Industry and Commerce and Bank of Baroda.
	www.doitcaribbean.com /guyana/index2.html.en-US (240 words)

	Finance and trade (from Guyana) -- Encyclopædia Britannica
		The Bank of Guyana, established in 1965, has the sole right of note issue and acts as banker to the government and other banks.
		Guyana was beset by political and industrial turmoil for most of 1999.
		Guyana was known as the colony of British Guiana until 1966, when it received full political independence.
	www.britannica.com /eb/article?tocId=26780 (996 words)

	Investor Roadmap - Business Operations - Foreign Exchange - Guyana Office for Investment - GO-Invest
		Residents require permission from the Minister to operate foreign currency accounts in Guyana and must be able to prove to the Bank of Guyana (BOG or the Central Bank) the need for the foreign currency and a stream of income in the requested currency.
		Commercial banks are authorised to open foreign currency accounts for non-resident individuals and non- resident companies upon request.
		However, as there are no restrictions to a resident or non-resident keeping an overseas, foreign bank account, some banks will offer selected clients the opportunity to draw US dollar checks on their overseas bank accounts, thus imitating the checking feature of current accounts.
	www.goinvest.gov.gy /roadmap_4d_businessoperations.html (519 words)

	Guyana Journal \| World Bank Labor Market Policy
		The ambivalence of the World Bank to officially enforce the core labor standards as a condition of its loans is primarily related to its current emphasis on basing lending conditions on the basis of a country’s demonstrable economic performance.
		The World Bank has acknowledged recently the value of unions in its client countries and is active in dialogues with trade unions, but it has maintained until recently, that there is no clear correlation between unions and collective bargaining and economic performance.
		This is highlighted in attempts by the World Bank to build their links with civil society groups although it is too often that NGO participation in World Bank activities are only desirable when it improves the efficiency of its operations.
	www.guyanajournal.com /wbpolicy.html (5118 words)

	Caribbean Net News: Guyana Assembly legislates to strengthen autonomy of central bank
		GEORGETOWN, Guyana: A Bill that will amend the Bank of Guyana Act by increasing the number of members of the Board of Directors to not less than four nor more than six was passed on Monday by the National Assembly.
		As he led the debate on the Bill, Finance Minister Saisnarine Kowlessar noted that the Bill is non-controversial and seeks to safeguard the autonomy of the Bank of Guyana..
		It provides that the Director shall disclose to the Bank in writing the nature and extent of the Director’s interest if he is a party to a material contract or transaction or one proposed.
	www.caribbeannetnews.com /2004/12/01/autonomy.htm (503 words)

	Guyana OnLine
		The World Bank says Guyana suffers from “a crisis of governance” and that the government is seen as being “weak” and unable to deal with embedded crime and corruption.
		The corruption in Guyana is so wide spread that most government services that was supposed to be free to the public is being sold to the higest bidder leaving the lower and some middle class citizen of guyana to fend for themselves.
		Recently i heard a well known businessman wants to put on the road a fleet of buses so the PPP government passed a new law to reduce the amount of passengers a 15 seater mini bus can carry down to 12 seats.
	www.guyanaonline.net /news/index.php?F=NewsComments&R=View&A=9023 (380 words)

	World Bank - Documents & Reports - Guyana - Country assistance strategy - Country Assistance Strategy Document (Site not responding. Last check: 2007-09-14)
		Yet, Guyana, should be on the path to economic, and investment growth, owing to its natural resources, proximity to North America, and benign climate, a potential however, the country has yet to realize.
		This Country Assistance Strategy (CAS) draws on the PRSP consultations, and process, which combined, yield a strategy whose main approach is to focus Bank support on the implementation of the policy reform agenda set in the PRSP, and on helping the authorities bring increased, coherence to the overall donor effort.
		However, the Bank would defer new lending as outlined in the low case scenario, continuing its reform dialogue with the Government, and, the macroeconomic management trigger for the low case scenario, will also ensure that resources are not directed to increasing government current consumption.
	www-wds.worldbank.org /servlet/WDS_IBank_Servlet?pcont=details&eid=000094946_02090504015757 (357 words)

	Travel in Georgetown - Guyana - Culture - WorldTravelGate.net®- (Site not responding. Last check: 2007-09-14)
		However, their location was not before the arrival and residence of eight tribes of the Amerindian people in the area which is now known as Guyana.
		The library, as it is commonly known stands in the heart of the City, literally a stone's throw from Guyana's Central Bank.
		The Bank of Guyana building, in terms of Guyanese architecture, stands stupendously five storeys tall overlooking many parts of the City.
	www.americatravelling.net /guyana/georgetown/georgetown_culture.htm (1088 words)

	Index of Economic Freedom 2005 - Guyana
		Guyana’s government intervention score is 0.5 point better this year.
		According to the World Bank, Guyana’s weighted average tariff rate in 2001 (the most recent year for which World Bank data are available) was 10.6 percent.
		In the same year, based on data from the International Monetary Fund, Guyana received 8.45 percent of its total revenues from state-owned enterprises and government ownership of property, down from the 17.29 percent reported in the 2004 Index.
	www.heritage.org /research/features/index/country.cfm?id=Guyana (795 words)

	RedSpider.biz : Web Development & Hosting : GIS
		Guyana Bank for Trade and Industry Ltd. (GBTI)
		Guyana Office for Investment (GO-Invest) - Investment Guide, areas of opportunity, Investor RoadMap, organisational contacts and staff contacts.
		Guyana Marketing Corporation (GMC) - Market surveys, export guidance, product fact sheets and other information for exporters of fresh produce.
	www.redspider.biz /design.html (486 words)

	GINA \| GOVERNMENT INFORMATION AGENCY \| GUYANA
		Lawrence Williams to act as the Governor of the Bank of Guyana.
		Cabinet approved the appointments of Leslie Glen of the Bank of Guyana and Linda Gossai of the Ministry of Finance to replace two outgoing members of the Council.
		According to Minister Rohee, Guyana has adopted the position that it will meet all its commitments for the December 2005 deadline and will not adopt the fast-track accelerated schedule to be CSME ready before the established deadline.
	www.gina.gov.gy /archive/daily/b041118.htm (2487 words)

	Directory - Regional: South America: Guyana: Business and Economy
		Guyana Telephone and Telegraph Company · Offers news, service details, installation rate charts, a guide to local exchange numbers, and yellow and white page phone directories.
		Guyana Business Listings, Directories and Links From Gybizz · This is a site containing business, culture, reading material and other information for the Guyana businessman.
		Guyana Rice Producers' Association · To promote, protect and advance the interest of rice producers in Guyana.
	www.incywincy.com /default?p=252431 (438 words)

	National Bank of Industry and Commerce Limited (NBIC), Guyana - Annual Report 2003 - Managing Director's Review (Site not responding. Last check: 2007-09-14)
		Despite the continuing difficulties of operating in Guyana, the National Bank of Industry and Commerce Limited (NBIC) was able to return a second year of improved performance by increasing profits by 190.3% to G$373 million when compared to the 2002 results of G$129 million.
		While Bank credit to the Commercial sector remains sluggish, the overall Loan Portfolio benefited from the steady growth in Retail Credit and grew by 1.1% from G$13 billion to G$13.2 billion.
		The Bank remains committed to ensuring the highest level of Customer Service, and efforts to provide the best service in Guyana are ongoing.
	www.nbicgy.com /annualreport2003/review.htm (1353 words)

	A Virtual Travel to Guyana - Destination Guyana (Site not responding. Last check: 2007-09-14)
		Guyana (formerly known as British Guiana) achieved independence from the UK in 1966 and became a republic in 1970.
		WWF-Guianas, part of the global WWF family, is working to protect the forests, freshwaters and coasts of the Guianas (French Guiana, Suriname, and Guyana).
		Guyana was discovered in 1498 by the Europeans, its history; therefore stretches back a bit more than 500 years!
	www.nationsonline.org /oneworld/guyana.htm (642 words)

	Mirago : Regional: South America: Guyana: Business and Economy
		Banks DIH - Beverage distributor in Guyana offers a list of products and services, as well as profiles of the members of the board of directors.
		Demerara Bank Limited - The first indigenous private-sector bank in Guyana providing a complete range of commercial banking services.
		Guyana Business Listings, Directories & Links From Gybizzbizz - This is a site containing business, culture, reading material and other information for the Guyana businessman.
	www.miragorobot.com /scripts/dir.aspx?cat=Top/Regional/South_America/Guyana/Business_and_Economy (631 words)

	News - Guyana: World Bank Approves $11.3 Million Grant for Water Sector (Site not responding. Last check: 2007-09-14)
		This project supports the Government of Guyana’s priorities of providing universal access to safe water, especially for the poor,” said Caroline Anstey, World Bank Director for the Caribbean.
		Water Sector Consolidation Project also seeks to help Guyana consolidate the ambitious modernization and reform efforts undertaken by the Government in the water sector in recent years, with the support of the International Development Association (IDA) and other donors.
		Provide the technical assistance needed to enable the modernization and financial sustainability of Guyana Water Incorporated (GWI), the public water utility, and allow for the sustainable development of water resources in Guyana.
	web.worldbank.org /WBSITE/EXTERNAL/NEWS/0,,contentMDK:20598771~pagePK:34370~piPK:34424~theSitePK:4607,00.html (453 words)

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