Latest update December 1st, 2024 4:00 AM

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

Latest News

Guyana’s development

Jan 31, 2023 Letters

Dear Editor,

The most recent Oxfam study found that the income gap between the rich and the poor is increasing. The richest 1% grabbed nearly two-thirds of all new wealth created since 2020 amounting to some 42 trillion US dollars, almost twice the amount of the 99% at the bottom of the economic ladder.

Something must be fundamentally wrong when there is so much concentration of wealth in the hands of such a tiny fraction of the population. Poverty is structural and can only be remedied by a new global human order based on a more equitable and fair distribution of the world’s resources. I have always held the view that there is more than an enough food to feed the world’s population but there are still millions of people who go to bed hungry and who do not know where their next meal is coming from. In fact, roughly one-fifth of the population lives below the poverty line, calculated by the United Nations to be below two US dollars a day.

In Guyana, we have come a long way in terms of poverty alleviation, thanks to the several pro-poor measures taken by the PPP/C administration over the years. I believe that as the oil revenues begin kick in the economic fortunes of the country will continue to get better.  Fortunately, Guyana has now advanced beyond the status of a poor, highly indebted country, thanks to twenty-eight years of PNC undemocratic rule. The records will show that during the early 1960’s Guyana was ranked among the more developed countries but was reduced by the end of the 1980’s to one of the poorest countries in the western hemisphere.

Regards,

Hydar Ally

Similar Articles

The Glenn Lall Show | November, 20th, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Shadman hits fifty, WI drop three catches on truncated day

Shadman hits fifty, WI drop three catches on truncated day

Dec 01, 2024

Roach struck twice early but West Indies let Bangladesh stage a mini-recovery ESPNcricinfo – Kemar Roach rocked Bangladesh early, but West Indies’ poor catching denied the home team a few...
Read More
Jai Signs on board with Kashif and Shanghai Futsal tourney as new prize structure unveiled

Jai Signs on board with Kashif and Shanghai...

Dec 01, 2024

Marian Academy and Waramuri Primary set for exciting showdown in 2024 Girls’ U11 Football C/ship Final

Marian Academy and Waramuri Primary set for...

Dec 01, 2024

Kharag family to sponsor feature event at Kennard Memorial Turf Club (KMTC) Boxing Day horserace meet

Kharag family to sponsor feature event at Kennard...

Dec 01, 2024

Showstoppers, Pouderoyen, Brothers and Team Family advance into Rockstone Street-Ball semis

Showstoppers, Pouderoyen, Brothers and Team...

Dec 01, 2024

Diamond Mineral Water Indoor Hockey Championship concludes today

Diamond Mineral Water Indoor Hockey Championship...

Dec 01, 2024

Features/Columnists

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 […]