Gov’t vigilance preventing liquidity problems at financial institutions
Georgetown, GINA, February 6, 2009
The government is closely monitoring the ongoing developments in Trinidad and Tobago concerning CL Financial and its subsidiaries as it wants to make sure that the people’s interest here is protected. President Bharrat Jagdeo, at a press conference at State House yesterday, said close attention is being paid to the issue. Guyana’s tough financial regulations, including the Financial Institutions Act (FIA), and the stringent inspections conducted by the International Monetary Fund (IMF), have ensured that Guyana’s “financial sector is in good health”, and the likelihood of a CLICO-like debacle happening here remains remote.
>>>Those retards at GINA and OP would have you belive that Guyana is the most financially stable country in the world. At a time of great economic problems, that's a pretty good sell. Any investor would tell you that if it seems too good to be true, it probably is not true.