Latest update February 15th, 2025 12:52 PM
May 12, 2008 News
President Bharrat Jagdeo has expressed his disappointment with the decision of the People’s National Congress Reform (PNCR) to take to the streets to protest the rising cost of living.
At a press briefing on Saturday, the Head of State said that the main opposition party is looking to ‘exacerbate’ the situation and to make cheap political mileage, knowing full well that there is ‘very little’ the administration can do about the high fuel prices.
“I am disappointed that, as a serious party, they only know the language of the street, rather than trying to cooperate and deal with the situation, as so many opposition parties in the region are doing,” Jagdeo said. According to the Head of State, the PNCR has turned a ‘blind eye’ to what is happening internationally.
“They behave as though this is a Guyana-specific problem…There are 36 countries that are in the throes of food crisis; people don’t have enough to eat now.”
The UN, the President said, has just made an emergency appeal for over $800M to support the world food programme to give food to people who are starving.
“The price of things has gone up so much that they can’t procure the basic things to give them. There have been food riots in many countries, and huge shortages even in countries that have the money.”
“Corbin and the others,” the President said, can put “up their shutters” and behave as though the high cost of living is a national problem and the solutions lies within the national context, but everyone knows otherwise.
“We can’t do anything about the price of fuel. We import oil at whatever price we get it at on the world market. We are not the ones driving up the price of oil.”
The situation, President Jagdeo said, can get worse, if the policy which Europe is adopting really takes effect.
Europe has a policy that, by 2020, ten percent of their transportation fuel must be from bio-fuel.
“If they continue with that policy the situation will get worse, more lands that were growing food would have to be taken out of food production and put into fuel. We’re not responsible for climate change, yet climate change has created adverse impact on the world.”
On Wednesday last, President Jagdeo announced a $200M subsidy to cushion the impact of the rising cost of living.
This announcement came just one day after the National Milling Company Guyana Incorporated (NAMILCO) announced a rise in flour prices in the country.
The Head of State also announced that all public servants will receive a temporary cost of living adjustment to their salaries, along with a five percent increase, which was approved earlier this year.
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