Sco­tia, Bar­oda de­ci­sions likely un­der­pinned by con­cerns about un­di­ver­si­fied econ­omy, reg­u­la­tions

Stabroek News - - REGIONAL NEWS -

Dear Ed­i­tor, Now that an­other in­ter­na­tional bank has bet against Guyana as it rapidly ap­proaches First Oil in 2020, we might in­struc­tively say of the mo­ti­va­tion be­hind and im­pli­ca­tions of that bet, “It isn’t about mar­ket share stupid; it’s about the Dutch Dis­ease.” I’d rather sus­pect how­ever that, stricken with a sin­gu­lar con­cern about con­cen­tra­tion in the fi­nan­cial sec­tor, the sec­tor spe­cial­ists at the Bank of Guyana and the Min­istry of Fi­nance would only be wor­ry­ing that Repub­lic Bank might want to pur­chase Bar­oda.

Ac­tu­ally, what Sco­tia­Bank and the Bank of Bar­oda have done is not so much to bet against oil rich Guyana

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