Page 29 - Stabilisation Fund News Today : Breaking News, Live Updates & Top Stories | Vimarsana

UNC MP: Govt has no plan to revive economy Oropouche West MP Dave Tancoo. OROPOUCHE West MP Davendranath Tancoo said the Government has taken the country deep into debt, with no plan to revive the economy, having ditched plans by the former People's Partnership government. Mayaro MP Rushton Paray cited a proposed energy/transport hub at Guayaguayare to service the nascent oil industries in Guyana and Suriname. The two MPs addressed a news briefing on Sunday at the Opposition Leader's office in Port of Spain. Last Thursday Finance Minister Colm Imbert said the covid19 pandemic had cut TT's en...

‘Nigeria is bullish on recovery, long-term prospects’ Recently, CDC Group, a leading United Kingdom development finance institution, signed a Memorandum of Understanding, (MoU) with the Nigerian Sovereign Investment Authority (NSIA), marking the beginning of high-impact participation in strategic sectors of the economy through capital mobilisation. In this interview with MARCEL MBAMALU, the company’s Head of Office and Country Director for Nigeria, Benson Adenuga, speaks on the MoU, management model of NSIA, Nigeria’s economic recovery prospects, dynamics of development funding and...

Share Lagos State government, on Thursday, said it is targeting a total of N723.817bn Internally Generated Revenue (IGR) for the 2021 fiscal year, bringing the monthly figure to N60.31bn. The State Commissioner for Economic Planning and Budget, Mr Sam Egube, disclosed this while giving the 2021 budget breakdown at a press briefing which took place at Alausa, Ikeja, saying the state had earmarked N15bn for the Rebuilding Lagos Project/Trust Fund, in the aftermath of #EndSARS destruction of Lagos in October 2020. Egube disclosed that the total size stands at ₦1.164trn, saying it would be fund...

BLAME MADURO Venezuela President Nicolas Maduro. THE United States Embassy, in a post on its Facebook page on Sunday, was clear in who was to be blamed for the Venezuelan migrant crisis – that’s country’s leader Nicolas Maduro.  “The absence of a democratic system in Maduro’s Venezuela, ongoing systematic human rights violations, acute food shortages, precarious health systems, an electricity crisis, generalised violence and economic collapse are some of the key causes that have forced more than five million Venezuelans to flee their country since 2015,” the embassy stated in its...

I maintain it is our foreign reserves that have kept this economy afloat and not any wizardry of Finance Minister Colm Imbert or his Prime Minister Dr Keith Rowley. They met a healthy US$10.4 billion in reserves in 2015, plus a Heritage and Stabilisation Fund of almost US$6 billion as well as significant borrowing space to finance national development. But they squandered the country’s economic security, paying no attention to reserves replenishment even though earnings from the energy sector had dropped permanently from a global revolution unfolding before them. Instead, they waited foo...