Month: August 2003

Judicial system “ineffective, overwhelmed” – IDB

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The Inter-American Development Bank says the weak enforcement of property rights and contracts which the private sector confronts is more likely the result of an “ineffective and overwhelmed” judicial system than inappropriate laws governing commercial activities and contract enforcement.“Decisions are too often neither prompt nor transparent and often appear to be based on questionable jurisprudence,” … Read more

Co-op credit union soliciting deposits from the public – Refuses to divulge names on committee of management

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Questions are mounting over the operations of a cooperative financial institution, established in March, soliciting deposits from the public but not falling under the supervision of the Bank of Guyana to ensure the safety of members’ deposits.The National Cooperative Credit Union and Trust Limited (NCCUTL), the first national cooperative society with scope over the entire … Read more