Tag: Treena

West Indies changes give Pollard World Cup hope

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedKieron Pollard named West Indies ODI, T20I captainSeptember 9, 2019In “latest news”CWI opens doors for Narine, Pollard and Bravo comebacks into national sideJuly 24, 2018In “latest news”WT20: Difficult to replace Kieron Pollard, Sunil Narine, says Darren SammyMarch 8, 2016In “Sports” Kieron PollardKieron Pollard last played an ODI in October 2016 but may still have hopes of making it to the West Indies World Cup squad because of a new set-up running Cricket West Indies (CWI). After smashing his highest IPL score – 83 off 31 balls – to help Mumbai Indians edge Kings XI Punjab in a last-ball finish in Mumbai on Wednesday night, Pollard was asked if he thought he would be picked in the World Cup squad that will be announced later this month, and he indirectly said anything could be possible.“Every time I get the opportunity to play, I want to do my best,” Pollard said. “There has been a lot of turmoil in West Indies cricket over the last couple of years. We have seen in the last couple of weeks there’s a change. Pollard was one of the guys blacklisted. The most I can do every time I step on the cricket field is try to put runs on the board. There’s people there who have the job to select and whatever and let’s see how that goes. As I said, I’m 31 years, Chris Gayle is still playing, he’s 39, and he’s whacking it all around.”Pollard was referring to Dave Cameron’s controversial reign as the CWI president coming to an end last month when Ricky Skerritt, a former West Indies team manager, beat Cameron by an 8-4 margin in the board elections. Cameron had several fallouts with senior West Indies players, especially Darren Sammy who led them to two World T20 titles.When asked if West Indies could be one of the stronger sides at the World Cup, given the form of some of the West Indies players in the IPL, Pollard said: “Yeah, of course you can say that. But again, as I said that’s why there’s people…we have a new chairman of selectors, there’s a new president of the cricket board, and as I said you take it as it comes. Last year, you might not have been asking me that question. Yes, I scored runs tonight so all sorts of questions will come but for me it’s just about enjoying cricket and doing my best with my God-given talent.“We know what we can do and I think Chris batted superbly. A fellow West Indian is [Andre] Russell…he’s smacking the ball and it’s great to see the way he’s hitting the ball and [Sunil] Narine. These guys are having a good tournament and again, when your mind is free, you just go out and enjoy cricket. You don’t think about much because there are a lot of opinions, there are a lot of things, but it’s people as close to you and what they think matters.”Pollard had recently returned to the T20I squad for West Indies when in October it emerged that the door was opening for some senior players to feature in the World Cup. CWI officials had stated that availability for domestic tournaments was a requirement to be picked for West Indies squads, and they advanced the domestic 50-over competition (Super50 Cup) from February 2019 to October 2018 to avoid a clash with any T20 leagues. CWI had said if the players featured in the Super50 and performed, they could be picked for the World Cup.Pollard represented his domestic side Trinidad & Tobago in all seven games but with unimpressive figures – 69 runs from seven innings to average under 10, and took three wickets in the 50 balls he bowled in the tournament.However, Pollard then went on to score 284 runs in the PSL in 13 innings at a strike rate of 173.17, and take five wickets, for Peshawar Zalmi. In the IPL, he has so far scored 179 runs in six innings, with two unbeaten knocks, to average 44.75, and is striking at 194.56. (ESPNCricinfo) read more

External debt increases to US13B

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedOver $330B in public debt nothing to worry about- Finance MinisterJune 27, 2018In “Business”Economist says Govt’s spending should be better managedNovember 20, 2017In “Business”Fuel prices, deplorable interior roads threaten economic growth – AliJuly 22, 2018In “latest news” – now amounts to 33% of GDPExternal debts have shown increases for 2018, as Guyana’s indebtedness to various international institutions continues to grow. This is contained in the Bank of Guyana’s annual report, which was recently released.The report states that Government’s total public debt increased by 1.5 per cent in 2018. The report notes that this is an increase that represents 43.9 per cent of the Gross Domestic Product (GDP). In the case of external debt, there was an increase to US$1.3 billion.Bank of GuyanaThe increase to external debt was 5.5 per cent and accounted for 33.9 per cent of GDP. According to the report, higher disbursements primarily from the International Development Association (IDA) and the Inter-American Development Bank (IADB) for project financing were chiefly responsible for this increase.The report further explains that IDA and IADB’s disbursements were mostly targeting citizen security strengthening, sanitation improvement, economic diversification, education sector improvement and fiscal stability.“Obligations to multilateral creditors, which accounted for 58.5 per cent of total external debt, increased by 8.6 per cent or US$62 million to US$788 million,” the report states. “Liabilities to the IADB increased by 4.3 per cent to US$525 million, reflecting a change in the debt stock of US$22 million during 2018.”“Indebtedness to the IDA expanded by 112.2 per cent or US$40 million to US$75 million. Commitments to the ‘Other’ category of multilateral creditors rose by 4.5 per cent to US$38 million. In contrast, obligations to the Caribbean Development Bank (CDB) decreased slightly by 0.5 per cent or US$1 million to US$150 million.”According to the report, total bilateral debt obligations which represented 37.2 per cent of total external debt increased by 1.5 per cent to US$487 million. Specifically, Guyana’s debt to the Export Import Bank of China (Exim) increased by 10.7 per cent or US$19 million to US$201 million.“Liabilities to Kuwait and Libya rose by 2.9 per cent and 0.7 per cent to US$80 million and US$44 million respectively. Conversely, obligations to Venezuela, the Exim Bank of India and Trinidad and Tobago declined by 4.7 per cent, 6.9 per cent and 64.4 per cent to US$115 million, US$16 million and US$4 million respectively.”Meanwhile, external debt service payments increased by 27.7 per cent to US$78 million from US$61 million in 2017. This, the report says, represented 5.1 per cent of export earnings and 7.5 per cent of Central Government’s current revenue.“Principal and interest payments amounted to US$55 million and US$23 million respectively. Payments to multilateral creditors rose by 14.2 per cent to US$40 million, and represented 51.3 per cent of total external debt service,” the report says.Ministry of FinanceThe US$50.2 million East Coast Road Expansion project is one project for which monies had to be disbursed from the Exim Bank of China. This project has two components. One features a four-lane expansion of the road from Better Hope to Annandale. On the other hand, the other caters for an upgrade to the existing two-lane road from Annandale to Belfield.Guyana had received a US$45.3 million concessional loan from the China EXIM (Export-Import) Bank to finance the road project, and that agreement was signed in January last year.Initially, the People’s Progressive Party/Civic Government had tried to secure financing for the road expansion project, but the money was not readily available.Hence, the then Administration decided to use local funds for preliminary works, while it awaited the release of funds from the Chinese to complete the works.The preliminary works for the four-lane upgrade were completed at the end of 2014. With the China EXIM Bank putting up most of the finances for the road expansion, Guyana had awarded the contract to China Railway First Group for some US$42.7 million. The Chinese construction company reportedly put in the lowest bid of US$46.994 million.In light of the increase in Guyana’s current account balance cause by a drop in exports which brings in foreign exchange, the servicing of this increased debt load will become problematical since it must be done with foreign exchange. It was for this reason the PPP had kept sugar going since it generates foreign exchange. read more