The Potential Impact of Trade Policy Changes on Caribbean Sugar

Total Page:16

File Type:pdf, Size:1020Kb

The Potential Impact of Trade Policy Changes on Caribbean Sugar Louisiana State University LSU Digital Commons LSU Master's Theses Graduate School 2004 The potential impact of trade policy changes on Caribbean sugar Delroy Anthony Armstrong Louisiana State University and Agricultural and Mechanical College, [email protected] Follow this and additional works at: https://digitalcommons.lsu.edu/gradschool_theses Part of the Agricultural Economics Commons Recommended Citation Armstrong, Delroy Anthony, "The potential impact of trade policy changes on Caribbean sugar" (2004). LSU Master's Theses. 3465. https://digitalcommons.lsu.edu/gradschool_theses/3465 This Thesis is brought to you for free and open access by the Graduate School at LSU Digital Commons. It has been accepted for inclusion in LSU Master's Theses by an authorized graduate school editor of LSU Digital Commons. For more information, please contact [email protected]. THE POTENTIAL IMPACT OF TRADE POLICY CHANGES ON CARIBBEAN SUGAR A Thesis Submitted to the Graduate Faculty of the Louisiana State University and Agricultural and Mechanical College in partial fulfillment of the requirements for the degree of Master of Science in The Department of Agricultural Economics & Agribusiness by Delroy Anthony Armstrong B.S., Louisiana State University, 2000 August 2004 ACKNOWLEDGEMENTS The success of this paper would not have been possible without the input of a number of individuals. These include, Dr. Sung C. No, Assistant Professor of the College of Business, Southern University. Dr. No assisted me with his expertise in policy analysis and his vast experience in econometric procedures. Secondly, Dr. Michael E. Salassi my Graduate Advisor and Committee Chairperson; without Dr. Salassi’s input this paper would not have being possible, he provided me with expert guidance and exercised tremendous patience and gave a huge amount of his time in order to see the successful completion of this paper. Dr. P. Lynn Kennedy and Dr. Steve Henning, my other committee members both gave their critical analyses and support throughout the duration of this work. It is with humility that I express my gratitude, to these individuals and all other members of the Agricultural Economics and Agribusiness Department of the Louisiana State University that somehow contributed to the preparation of this document. Finally, it would be remiss of me if I neglect to mention my finance Philippa, and family, particularly my dad Kerold Armstrong, whose continuous encouragement, love and support provided me the motivation to remain focused during difficult times. ii TABLE OF CONTENTS ACKNOWLEDGEMENTS……..…………...…………………………………………ii LIST OF TABLES……………………………………………………………………….v LIST OF FIGURES………..…………………………………………………………..viii ABSTRACT………………………………..………………………………………….…ix CHAPTER 1. INTRODUCTION…….…………………………………………………1 1.1 Problem Statement…………………………………………………………………….5 1.2 Review of Literature…………………………………………………………………..7 1.3 Project Objectives……………………………………………………………………11 1.4 Specific Objectives…………………………………………………………………..11 1.5 Research Methodology………………………………………………………………12 1.6 Specific Objective.1…...…………………………………………………………….12 1.7 Specific Objective.2...………………………………………………………………..13 1.8 Specific Objective.3...………………………………………………………………..14 1.9 Specific Objective.4...………………………………………………………………..14 CHAPTER 2. CARIBBEAN SUGAR AND TRADING POLICIES…………...…...15 2.1 European Union (EU) Sugar Trade Policy…………………………………………..15 2.1.1 The Sugar Protocol…………………………………………………………….18 2.2 The United States (US) Sugar Trade Policy…………………………………………21 2.2.1 US Sugar and Tariff Rate Quotas……………………………………………..24 2.2.2 US Historical Allocation………………………………………………………24 2.2.3 Trade and Quota Holders……………………………………………………...25 2.3 Sugar Trade within the Caribbean Community……………..………………….……26 CHAPTER 3. ECONOMIC MODEL AND ECONOMETRIC PROCEDURES…..28 3.1 Economic Model and the Caribbean Sugar Market…..……………………………...28 3.1.1 Supply Section Economic Theory and Econometric Models…………..………….30 3.1.1.1 Hectares Harvested….……………………………………………………….30 3.1.1.2 Yield…………………………………………………………………………33 3.1.1.3 Production……………………………………………………………………34 3.1.2 Demand Section Economic Theory and Econometric Models……..……………...34 3.1.2.1 Domestic Demand…………………………………………………………...34 3.1.2.2 Exports……………………………………………………………………….36 3.1.2.3 Imports.………………………………………………………………………37 3.1.2.4 Ending Stocks….…………………………………………………………….38 3.2 The Data and Sources………..……………………………………………………....39 3.3 Descriptive Statistics…………………………………………………………………40 3.3.1 Supply Section Variables………………………………………………………40 3.3.2 Demand Section Variables……………………………………………………..47 3.4 Deflators……………………………………………………………………………...48 iii 3.5 Estimation Results…………………………………………………………………...49 3.5.1 Supply Section……………………….………………………………………….…60 3.5.1.1 Hectares Harvested………………………………………………………..60 3.5.1.2 Yield……………………………………………………………………….61 3.5.2 Demand Section…………………………………………………………………....62 3.5.2.1 Per Capita Consumption…………………………………………………...62 3.5.2.2 Exports……………………………………………………………………..63 3.5.2.3 Imports……………………………………………………………………..63 3.5.2.4 Ending Stocks (Stock Change)…………………………………………….64 3.6 Elasticities……………………………………………………………………………65 3.6.1 Supply Elasticities…..……………………………………………………………...65 3.6.1.1 Hectares Harvested………………………………………………………...65 3.6.1.2 Yield………………………………………………………………………..67 3.6.1.3 Production……………………………………………………………….…67 3.6.2 Demand Elasticities………………………………………………………………..67 3.6.2.1 Per Capita Domestic Consumption………………………………………...67 3.6.2.2 Exports…………………………………………………………………..…69 3.6.2.3 Stock Change………………………………………………………………70 3.6.2.4 Imports……………………………………………………………………..70 3.7 Economic Model and Econometric Procedures Closing Remarks…………………..71 CHAPTER 4. POLICY ANALYSIS REGARDING CHANGES IN PREFERENTIAL TREATMENT OF CARIBBEAN SUGAR BY THE EUROPEAN UNION…….………………………………………72 4.1 Application of Model to Various Scenarios of EU Sugar Prices…………..………...73 4.1.1 Scenario 1. Forecast at EU Prices with current Policy in Place…....………….77 4.1.2 Scenario 2. Forecast at US Prices after Policy Expiration…………………….84 4.1.3 Scenario 3. Forecast at World Prices after Policy Expiration………………....92 4.1.4 Scenario 4. Forecast at EU Prices Decreased by 15% after Policy Expiration……………………………………………………………………...99 CHAPTER 5. SUMMARY AND CONCLUSION…………………………………..106 5.1 Summary of Econometric Results and Elasticities…………………………………108 5.2 Conclusion....……………………………………………………………………….111 5.3 Limitations and Future Research…………………………………………………...112 REFERENCES….……………………………………………………………………..114 APPENDIX: SEEMINGLY UNRELATED REGRESSION (SUR) EQUATION MODEL RESULTS………………………………...………………….116 VITA………………...…………………………………………………………………120 iv LIST OF TABLES 3.1 Descriptive Statistics, Jamaica, 1961-2000……………………..…………………...41 3.2 Descriptive Statistics, Barbados, 1961-2000………………………………………...42 3.3 Descriptive Statistics, Belize, 1961-2000………………...…..…………………...…42 3.4 Descriptive Statistics, Guyana, 1961-2000…….……………..……………………...43 3.5 Descriptive Statistics, St. Kitts-Nevis, 1961-2000…...……….…………………...…43 3.6 Descriptive Statistics, Trinidad & Tobago, 1961-2000……....……………………...44 3.7 Correlation Coefficients for Variables in Jamaica’s Sugar Market: 1961-2000……..44 3.8 Correlation Coefficients for Variables in Barbados’ Sugar Market: 1961-2000…….45 3.9 Correlation Coefficients for Variables in Belize’s Sugar Market: 1961- 2000….…..45 3.10 Correlation Coefficients for Variables in Guyana’s Sugar Market: 1961-2000…....45 3.11 Correlation Coefficients for Variables in St. Kitts-Nevis’ Sugar Market: 1961- 2000………………………………………………………………………………...46 3.12 Correlation Coefficients for Variables in Trinidad & Tobago’s Sugar Market: 1961-2000…..……………………………………………………………………....46 3.13 Empirical Estimation Results for OLS Models, Jamaica………..…………………51 3.14 Empirical Estimation Results for OLS Models, Barbados………....………………52 3.15 Empirical Estimation Results for OLS Models, Belize……….....…………………53 3.16 Empirical Estimation Results for OLS Models, Guyana………...…………………54 3.17 Empirical Estimation Results for OLS Models St. Kitts-Nevis……………………55 3.18 Empirical Estimation Results for OLS Models, Trinidad & Tobago………..…..…56 3.19 Variables Definition and Units, Jamaica…………………………………………...57 3.20 Variables Definition and Units, Barbados..………………………………………...57 3.21 Variables Definition and Units, Belize...…………………………………………...58 v 3.22 Variables Definition and Units, Guyana…………………………………………....58 3.23 Variables Definition and Units, St. Kitts-Nevis..…………………………………...59 3.24 Variables Definition and Units, Trinidad & Tobago..……………………………...59 3.25 Short Run Elasticities of Caribbean Sugar Supply…………………………………66 3.26 Short Run Elasticities of Caribbean Sugar Demand..………………………………68 4.1 Empirical OLS Estimates for Jamaica ………………………………………………74 4.2 Empirical OLS Estimates for Barbados. …………………………………………….74 4.3 Empirical OLS Estimates for Belize. ………………………………………………..75 4.4 Empirical OLS Estimates for Guyana. ………………………………………………75 4.5 Empirical OLS Estimates for St. Kitts-Nevis. ………………………………………76 4.6 Empirical OLS Estimates for Trinidad & Tobago. ………………………………….76 4.7 Jamaica’s Forecast at EU Prices with Policy - Base Period 1961-2000……………..78 4.8 Barbados, Forecast at EU Prices with Policy - Base Period 1961-2000….……….....79 4.9 Belize’s Forecast at EU Prices with Policy - Base Period 1961-2000………..……...80 4.10 Guyana’s Forecast at EU Prices with Policy - Base Period 1961-2000…..…...…...81 4.11 St. Kitts Nevis’ Forecast at EU Prices with Policy - Base Period 1961-2000..…….82 4.12 Trinidad & Tobago’s Forecast at EU Prices with Policy -Base Period 1961- 2000…………………………………………..……………………………………..83
Recommended publications
  • Download File
    Between a Promise and a Trench: Citizenship, Vulnerability, and Climate Change in Guyana Sarah E. Vaughn Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Graduate School of Arts and Sciences COLUMBIA UNIVERSITY 2013 © 2013 Sarah E. Vaughn All rights reserved ABSTRACT Between a Promise and a Trench: Citizenship, Vulnerability, and Climate Change in Guyana Sarah E. Vaughn Between a Promise and a Trench examines how science is constituted as a strategic practice and site through which citizens make claims about racial democracy in Guyana. It shows how government policymaking around climate adaptation--which drew upon the recommendations of outside actors, including the Intergovernmental Panel on Climate Change (IPCC), the United Nations (UN), and various NGOs and international scientific networks-- profoundly disrupted the country's delicate racial-ethnic balance. A contribution to the burgeoning anthropology on the social and political impact of climate change, the dissertation also speaks to current debates over race and citizenship, the complex relationship between expertise and democracy, and the competing post-colonial claims of Indo-, Afro-, and Amerindian Guyanese to land and self-determination. The dissertation is based on seventeen months of fieldwork and archival research conducted between, 2009-11 in coastal Guyana. It brings together three conflicting perspectives: of engineers, who drew upon datasets and models about flooding and construction of canals around IPCC and UN climate data; the state officials, who sought to reduce vulnerability to flood hazards through land evictions; and of Indo-, Afro-, and Amerindian Guyanese farmers and squatters who were evicted as a result of post-2005 engineering projects.
    [Show full text]
  • Standardization and Measurement Services in Guyana
    NBSIR 76-1180 Standardization and Measurement Services in Guyana Authors; H. Steffen Reiser Niels C. Beck Kenneth S. Stephens Office of International Relations National Bureau of Standards Washington, D. C. 20234 A Report of a Survey Conducted Jointly by the National Bureau of Standards and the Agency for International Development Held July 11 - July 17, 1976 Issued February 1977 Prepared for Agency for International Development Department of State Washington, D. C. 20523 NBSIR 76-1180 STANDARDIZATION AND MEASUREMENT SERVICES IN GUYANA (A report of a National Bureau of Standards/Agency for International Development Survey Conducted July 11-17, 1 976) Survey Team Members: H. Steffen Reiser, Chief, Office of International Relations, National Bureau of Standards Niels C. Beck, Retired USAID Industrial Development Officer Kenneth S. Stephens, Lecturer, School o' Industrial and Systems Engineering, Georgia Institute of Technology This survey was conducted as part of the program under the US/NBS/Agency for International Development, RASA TA(CE) 5-71. I 0 * U.S. DEPARTMENT OF COMMERCE, Juanita M. Kreps, Secretary Dr. Betsy Ancker-Johnson, Assistant Secretary for Science and Technology NATIONAL BUREAU OF STANDARDS. Ernest Ambler, Acting Director \ , S8068 12-87 i TABLE OF CONTENTS Page Aeknowledgements Iv I Introduction 1 II Summary of Recommendations 3 III Meetings and Visits 10 1.0 NBS Team Schedule 10 2.0 General Background (Notes from Briefings) (See also Sections IV and V) 12 3.0 First Meetings at the Georgetown Mission of the US AID and the U.S. Embassy 13 4.0 First Meetings with the National Science Research Council (NSRC) 14 5.0 Meeting with the Bureau of Standards Council of NSRC 16 6.0 Meeting with the Guyana Marketing Corporation and the Small Industries Corporation 22 6.1 Guyana Marketing Corporation 22 6.2 Small Industries Corporation (SIC) 23 7.0 Housing Project Tour and Dinner with Dr.
    [Show full text]
  • Eradicating Poverty and Unifying Guyana
    NATIONAL DEVELOPMENT STRATEGY Eradicating Poverty and Unifying Guyana A Civil Society Document - AN OVERVIEW - I GUYANA - BASIC INFORMATION • Guyana, with an area of 83,000 square miles or 215,000 square kilometres, is located on the northern coast of South America, and is the only English-speaking country on that continent. It is bounded on the north by the Atlantic Ocean, on the east by Surinam, on the south and south-west by Brazil, and on the west and north-west by Venezuela. • Guyana is physically divided into four types of landforms: (i) a flat coastal, clayey belt which is about 4.5 feet below sea level, and in which most of its agricultural activity occurs; (ii) a sand belt, to the south of the coastal belt, which includes the Intermediate Savannas; (iii) an undulating, central peneplain which comprises more than half of the country’s area, and in which are located lush, almost pristine, tropical forests, and extensive mineral deposits. This landform stretches from the sand belt to the country’s southern boundary and encompasses, also, the Rupununi Savannas which border Brazil; and (iv) the highlands which are to be found in the midwestern area. This portion of the Guiana Highlands includes the Pakaraima mountain range. • Guyana has a plentitude of natural resources: fertile agricultural lands on the coastal plain and in the riverain areas; vast areas of tropical hardwood forests of various ecosystems and with a multitude of plant and animal species; abundant fish and shrimping grounds, both in its numerous rivers and in the Atlantic Ocean to its north; and a wide variety of minerals, including gold, diamonds, a range of semi-precious stones, bauxite and manganese.
    [Show full text]
  • ANNEX 1. Title Guyana
    ANNEX 1. IDENTIFICATION Title Guyana - Annual Action Programme 2012 on Accompanying Measures on Sugar; CRIS reference nr. GY/DCI-SUCRE/2011/23480 Total cost EUR 23 355 000 Aid method / Sector Policy Support Programme: management mode - Sector budget support (centralised management) - project mode (centralised management) DAC-code 31162 Sector Industrial crops/export crops 2. RATIONALE AND COUNTRY CONTEXT 2.1. Country context and rationale for SPSP 2.1.1 Economic and social situation and poverty analysis The sugar sector remains very important for the economy of Guyana, 7-10% of gross domestic product (GDP), even though its share in the economy decreased after the rebasing of the GDP of Guyana. GDP per capita1 has increased consistently in recent years, from US$ 2 277 in 2007 to US$ 2 637 in 2009 (actuals), and is estimated to reach US$ 3 095 in 2011. The economic growth forecast for 2012 by IMF is 5.6 %. Moderate and extreme poverty rates declined from 43% and 29% in 1992 to 36% and 18.6% in 2006, respectively2. The latest United Nations Development Programme (UNDP) Millennium Development Goal (MDG) report (2011) for Guyana, states that the country made reasonable progress towards attaining most of the goals. 2.1.2 National development policy The Government has two complementary strategy documents, which form their strategic framework, namely the Poverty Reduction Strategy (PRSP) and the National Competitiveness Strategy (NCS). In 2001, the Government published the first PRSP with the aim of halving poverty in Guyana by 2015. A new PRSP covering 2011-2015 was finalised in July 2011 and shared with Parliament and international donors.
    [Show full text]
  • Why the Sugar Industry? 65
    University of Warwick institutional repository: http://go.warwick.ac.uk/wrap A Thesis Submitted for the Degree of PhD at the University of Warwick http://go.warwick.ac.uk/wrap/56026 This thesis is made available online and is protected by original copyright. Please scroll down to view the document itself. Please refer to the repository record for this item for information to help you to cite it. Our policy information is available from the repository home page. 'MW.II Union Rivalry, Workers' Resistance And Wage Settlements in the Guyana Sugar Industry: 1964-1994 Nanda K. Gopaul Thesis submitted in fulfilment of the requirements of the degree of PhD in the Warwick Business School, at the University of Warwick. Submitted: April 1996 ~-------..-. - Abstract This PhD thesis is a study of the changing social and industrial conditions under which sugar workers in Guyana have worked, and the responses of workers and unions to these changes since 1964. It makes extensive use of original trade union and employer archives, other public and private documentary evidence and interviews with workers and union and state officials. The narrative and analysis focuses on the experience of union rivalry and the impact of state interventions in wage settlements. The sugar industry has several different unions with differing political and ideological positions, .and there have been numerous instances of union rivalry and workers' discontent over union representation. Inadequate wage offers have often led to disputes, involving antagonisms between workers and management but also between workers and their union. In practice the majority of wage settlements have resulted from the intervention of a Commission of Inquiry or Arbitration Tribunal.
    [Show full text]
  • Ninth Periodic Report Submitted by Guyana Under Article 18 of the Convention, Due in 2016*
    CEDAW/C/GUY/9 Distr.: General 24 April 2018 Original: English ADVANCE UNEDITED VERSION Committee on the Elimination of Discrimination against Women Ninth periodic report submitted by Guyana under article 18 of the Convention, due in 2016* [Date received: 17 April 2018] * The present document is being issued without formal editing. Note: The present document is being circulated in English, French and Spanish only. CEDAW/C/GUY/9 Contents Page List of Acronyms and Abbreviations ............................................................................................... 4 Introduction ...................................................................................................................................... 8 Part I: General Information and Framework for the Protection and Promotion of Human Rights ... 8 The Land and People ............................................................................................................... 8 The Political Context ............................................................................................................... 8 The Economy ........................................................................................................................... 8 The Status of Women .............................................................................................................. 9 The General Framework for the Protection and Promotion of Human Rights ........................ 10 Part II: Responses to the Concluding Observations of the 7th and 8th Periodic Report ...................
    [Show full text]
  • Proposed Improvements to Guyana Shore Base Port, Georgetown, Guyana
    Proposed Improvements to Guyana Shore Base Port, Georgetown, Guyana Environmental Assessment Inter-American Development Bank 1350 New York Ave, NW 30 April 2021 Washington, DC 20577 Project No.: 0585274 The business of sustainability PROPOSED IMPROVEMENTS TO GUYANA SHORE BASE PORT, CONTENTS GEORGETOWN, GUYANA Environmental Assessment CONTENTS 1. EXECUTIVE SUMMARY .................................................................................................................. 10 2. INTRODUCTION .............................................................................................................................. 12 2.1 Project Background ............................................................................................................................ 12 2.2 Purpose and Need .............................................................................................................................. 12 2.3 Environmental Assessment Objectives ............................................................................................... 12 2.4 Environmental Assessment Scope ..................................................................................................... 13 2.4.1 Direct Area of Influence ..................................................................................................... 13 2.4.2 Indirect Area of Influence ................................................................................................... 14 2.5 Project Description .............................................................................................................................
    [Show full text]
  • FY 2000 Country Commercial Guides: Guyana
    U.S. Department of State FY 2000 Country Commercial Guides: Guyana The Country Commercial Guide for Guyana was prepared by U.S. Embassy Georgetown and released by the Bureau of Economic and Business in July 1999 for Fiscal Year 2000. Chapter I: Executive Summary This Country Commercial Guide (CCG) presents a comprehensive look at Guyana's commercial environment, using economic, political, and market analysis. The CCGs were established by recommendation of the Trade Promotion Coordinating Committee (TPCC), a multi-agency task force, to consolidate various reporting documents prepared for the U.S. business community. Country Commercial Guides are prepared annually at U.S. embassies through the combined efforts of several U.S. government agencies. Guyana is a small, poor, heavily indebted country with a wealth of natural resources. In 1991, Guyana embarked upon a series of market-oriented reforms which produced consistent economic growth after years of economic decline. There was a resumption of foreign investment in the early 1990s which fueled growth for most of the decade. Two events occurred in 1997-1998 which unfortunately constrained Guyana’s growth, at least for the short term. First, the El Nino weather phenomenon resulted in severe drought for much of 1997 and early 1998. The agricultural sector, which is the primary pillar of Guyana’s economy and its foreign exchange earnings, was negatively affected by the drought. Second, the disputed elections of December 15, 1997, threw the country into an extended period of political tensions. This uncertainty translated directly into much reduced business and consumer activity in the weeks surrounding the elections, and the business climate remains substantially disrupted.
    [Show full text]
  • OCCASION This Publication Has Been Made Available to the Public on The
    OCCASION This publication has been made available to the public on the occasion of the 50th anniversary of the United Nations Industrial Development Organisation. DISCLAIMER This document has been produced without formal United Nations editing. The designations employed and the presentation of the material in this document do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization (UNIDO) concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. Designations such as “developed”, “industrialized” and “developing” are intended for statistical convenience and do not necessarily express a judgment about the stage reached by a particular country or area in the development process. Mention of firm names or commercial products does not constitute an endorsement by UNIDO. FAIR USE POLICY Any part of this publication may be quoted and referenced for educational and research purposes without additional permission from UNIDO. However, those who make use of quoting and referencing this publication are requested to follow the Fair Use Policy of giving due credit to UNIDO. CONTACT Please contact [email protected] for further information concerning UNIDO publications. For more information about UNIDO, please visit us at www.unido.org UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna International Centre, P.O. Box
    [Show full text]
  • World Bank Document Entitled Guyana Investment Climate Assessment (ICA 2006)
    Document of The World Bank For Official Use Only Public Disclosure Authorized Report No. 34070-GY PROJECT APPRAISAL DOCUMENT ON A PROPOSED PURCHASE OF EMISSIONS REDUCTIONS BY THE COMMUNITY DEVELOPMENT CARBON FUND Public Disclosure Authorized IN THE AMOUNT OF UP TO US$5.32 MILLION FROM THE GUYANA SUGAR CORPORATION INC. FOR THE GUYANA BAGASSE COGENERATION PROJECT Public Disclosure Authorized January 25 2008 Sustainable Development Department Caribbean Country Management Unit Latin America and Caribbean Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS (Exchange Rate Effective January 25, 2008) Currency Unit = Guyanese Dollar (GY$) GY$1 = US$ 0.00493340 US$ 1 = GY$202.70 FISCAL YEAR January 1 – December 31 ABREVIATIONS AND ACRONYMS CAS - Country Assistance Strategy CDCF - Community Development Carbon Fund CDM - Clean Development Mechanism CFU - Carbon Finance Unit CHP - Combined Heat and Power EB - Executive Board EIA - Environmental Impact Assessment EMP - Environmental Management Plan ERs - Emissions Reductions ERPA - Emissions Reduction Purchase Agreement GHGs - Greenhouse Gases GNEA - Guyana National Energy Agency GPL - Guyana Power and Light Company GuySuCo - Guyana Sugar Corporation HIPC - Heavily Indebted Poor Country IFC - International Finance Corporation KP - Kyoto Protocol LCSEG - Latin America and Caribbean Region Energy MP - Monitoring Plan OPCS - Operations Policy and Country Services PDD - Project Design Document PRPMO - Poverty Reduction and Public Management Operation PSR - Project Status Report RAP - Resettlement Action Plan RBA - Rapid Biological Assessment SSMP - Skeldon Sugar Modernization Project UNFCCC - United Nationals Framework Convention on Climate Change VHP - Very High Pol Vice President – Pamela Cox Country Manager/Director – Yvonne M.
    [Show full text]
  • World Bank Document Entitled Guyana Investment Climate Assessment (ICA 2006)
    PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: 41471 Guyana Skeldon Bagasse Cogeneration Project Public Disclosure Authorized Project Name Region LATIN AMERICA AND CARIBBEAN Sector Renewable Energy/Power (100%) Project ID P090044 Borrower(s) Guyana Sugar Corporation Inc. Implementing Agency Guyana Sugar Corporation Inc. Environment Category [X ] A [] B [ ] C [ ] FI [ ] TBD (to be determined) Date PID Prepared November 3, 2005 (Revised August 8, 2006; November 12, 2007) Date of Appraisal Authorization Date of Board Approval n/a Public Disclosure Authorized 1. Country and Sector Background The Sugar Sector In Guyana, the key CAS priorities include increasing the competitiveness of the country in the world’s sugar market, improving access to rural electrification and other basic social services through infrastructure investment, and achieving improved environmental management. The CAS has a clear vision for a new sugar mill to modernize the country’s sugar industry. The sugar sector generates nearly a quarter of Guyana’s export earnings, while around 125,000 persons rely on the sugar industry for their livelihoods. The Government of Guyana has embarked on a Public Disclosure Authorized modernization strategy for the sugar sector aimed at eliminating fiscal subsidies to sugar production, and positioning the sector for growth and future private investment. In November 2005, the European Agricultural Council agreed to cut the EU guaranteed price for sugar exports from the Caribbean and other ACP countries by 36 percent over the next four years starting in 2006. Guyana’s sugar sector is likely to face a large setback as a result of the reduction of preferential prices and quotas to the EU market.
    [Show full text]
  • Proceedings and Debates of the National Assembly Of
    PROCEEDINGS AND DEBATES OF THE NATIONAL ASSEMBLY OF THE FIRST SESSION (2006-2010) OF THE NINTH PARLIAMENT OF GUYANA UNDER THE CONSTITUTION OF THE CO-OPERATIVE REPUBLIC OF GUYANA HELD IN THE PARLIAMENT CHAMBER, PUBLIC BUILDINGS, BRICKDAM, GEORGETOWN 129TH Sitting Thursday, 5TH August, 2010 The Assembly convened at 2.12 p.m. Prayers [Mr. Speaker in the Chair] ANNOUNCEMENTS BY THE SPEAKER Thanks to Ms. Bibi Shadick Mr. Speaker: Hon. Members, I would like to thank Hon. Member Ms. Bibi Shadick for presiding for me on the last occasion, and, I understand, very competently so, while I was indisposed. Congratulations to Rev. Kwame Gilbert Mr. Speaker: Hon. Members, I have been informed that the Rev. Kwame Gilbert graduated on Saturday, 21st July, 2010 at the LaGuardia Sheraton with a Doctorate in Leadership and Organization from the Logos University and Graduate Schools. Rev. Gilbert is now entitled to use the initials “Dr.” before his name. On behalf of the Members of the Assembly and myself, I wish to congratulate Rev. Dr. Kwame Gilbert on this significant academic achievement. PRESENTATION OF PAPERS AND REPORTS 1 The following Papers and Reports were laid: (1) (i) The Public Electricity Supply (Amendment) Regulations 2010 – No. 3 of 2010 [Prime Minister and Minister of Public Works and Communications] (2) (i) Audited Accounts of the Guyana Securities Council for the years ended 31st December, 2008. (ii) Audited Accounts of the Guyana Securities Council for the year ended 31st December, 2009. (iii) The Kwakwani Utilities Inc. Annual Report for the years ended 31st December, 2005 and 2006. (iv) The Kwakwani Utilities Inc.
    [Show full text]