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Parliamentary committee seeks public views on global food prices

Feb 10, 2009 News

The Parliamentary select committee that is examining the impact of global food price increases is seeking to discuss the implementation of governmental interventions, and as such is inviting the public to share their views on the issue.
On Sunday last, the Clerk of the National Assembly, Sherlock Isaacs, issued a notice stating that among the issues that the committee is seeking to have the public views on are increasing the disposable income of ordinary Guyanese; subsidising the cost of accessing utility services; implementing the Ministry of Agriculture’s ‘Grow More’ campaign and its concomitant budgetary interventions; zero rating all essential food items, diesel and agricultural inputs; monitoring exports of some essential agricultural commodities; monitoring  prices and supply of various food commodities; and assistance to single-headed households.
According to Isaacs, the Committee has already begun its work and will be accepting written and oral submissions on the issues from the public.
On Thursday last, President Bharrat Jagdeo said that the effects of the current financial crisis plaguing the economies of countries worldwide will get worse before it gets better, possibly reaching a depression first.
The Head of State said what is needed is a global governance strategy to ensure a global financial stability. He pointed out that individual efforts would not work.
According to Jagdeo, in the event of a global financial crisis, such as the current one, the countries that practised good financial policies are also affected, given the nature of globalisation.
This was in light of the fact that there are countries, such as Guyana, where the state regulations are sound and are continuously examined to weed out loopholes, but there are others in the developed world that are far less regulated, thus causing the crisis.
He added, too, that on the world stage, many countries who preached against protectionism were now taking that same road, but more multilateral trade should be encouraged.

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