Latest update December 22nd, 2024 2:50 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

World Bank’s Amaila Falls comment angers Govt.

Jun 29, 2010 News

The comment by World Bank Country Representative, Giorgio Valentini, that the World Bank was never approached to finance the Amaila Falls hydro project has drawn a strong reaction from Finance Minister Dr Ashni Singh.
The Finance Minister went as far as to question the Bank’s priorities over its move to new offices and Valentino’s appearances in the media.
Dr Singh suggested that Velentini had no competence to comment on the Amaila Falls hydro project.
However, Velentini’s approach to the media was not unexpected. In fact, last year, all of the country’s foreign development partners had announced they wanted all stakeholders much more involved in the work they are funding in the country.
But this has not gone down well with the government.
Dr Singh said the World Bank has been a highly valued development partner to Guyana, “operating a small and efficient country office, in modest premises within the UNDP country office, with a small staff of professionals dedicated to the task of aiding development in Guyana.”
The Bank’s move to new offices and the hiring of new staff have come to be a “worrying trend of shifting priorities” as far as the Minister is concerned.
“I would be much happier if the country office of the Bank expended more effort to increase the Bank’s work and its development impact in Guyana, instead of trying to increase their own visibility and creature comforts.
“Of all our development partners, the Bank has one of the smallest project portfolios, but one of the largest offices and, it would appear, one of the largest appetites for publicity and self-promotion, even if only recently acquired. Guyana still faces considerable development challenges, and we need the assistance of the World Bank, we don’t need grandstanding by their staff in country.”
In connection with Valentini’s statement that the Bank never received a request from Guyana for support for the Amaila Falls project, the Minister offered two responses.
First, he stated that the Bank’s Representative seemed to be unaware that the project is a private sector project, with international investors as the project sponsors. Any request for support would come in the first instance from the private sponsors of the project and not from the State, although the State would be likely to support any such request, Singh suggested.
Secondly, the Minister stated, the Bank’s Representative should have acquainted himself with the fact that the project sponsors have been engaged in discussions with the Bank’s private sector arm, the International Finance Corporation (IFC), and other institutions within the World Bank Group, along with several other sources of financial and non-financial support for the project.
“Had the Representative bothered to ascertain the facts, he would not have offered such an uninformed response, which only served to feed Kaieteur News’ apparently insatiable appetite for sensational headlines.”
The Minister emphasised that Guyana has valued greatly the work of the Bank over the years, but is firmly of the view that the Bank’s mandate in Guyana would be better served by greater prudence on the part of its staff than has been displayed by its country office recently, “including the most recent media jaunt by the Bank’s Representative.”
“The emphasis must be on improving delivery of assistance and maximising development impact, rather than on increasing visibility and raising personal profile,” Dr Singh declared.

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Chase Academy squares off with St Benedict’s College ahead of today’s final

Chase Academy squares off with St Benedict’s College ahead of...

Dec 22, 2024

-Petra-KFC Goodwill Int’l Series concludes day at MoE Kaieteur Sports- The two main contenders in the KFC International Under-18 Secondary Schools Goodwill Football Series faced off yesterday ahead...
Read More
Cliff Anderson Sports Hall to showcase Dharry/Allicock fight-card

Cliff Anderson Sports Hall to showcase...

Dec 22, 2024

Topp XX, Winners Connection advance to last eight, Botafago crush Net Rockers 9-4

Topp XX, Winners Connection advance to last...

Dec 22, 2024

Regal Stationery onboard with inaugural One Guyana Berbice Softball Cup

Regal Stationery onboard with inaugural One...

Dec 22, 2024

Power outage disrupts Thursday night play; 8 matches slated for tonight

Power outage disrupts Thursday night play; 8...

Dec 22, 2024

Dookie XI overcome North Soesdyke by five wickets in T20 fixture

Dookie XI overcome North Soesdyke by five wickets...

Dec 22, 2024

Features/Columnists

  • Policy-making by neglect

    Peeping Tom…  Kaieteur News- The ease with which Bharrat Jagdeo, General Secretary of the People’s Progressive Party... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]