Government intends to assist depositors and shareholders adversely affected by the collapse of Clico and The Hindu Credit Union. Small Depositors will be paid up to a maximum of $75,000 both failed financial institutions. It would pay off close to 40 percent of the depositors at the institutions.
Those responsible for both financial crises will be held accountable, Finance Minister Winston Dookeran said in his just concluded $49 billion budget.
Breaking News
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- 2 years ago - Leguan Stelling: $413M upgrade to be completed in June -
- 2 years ago - SOCU charges Herstelling family with laundering over $4.1B -
- 2 years ago - President Ali: Companies invest over $25B along coastline within two years -
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US$38M contract signed to construct solar farms in Regions Two, Five, Six
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GCSM voices rally in support of Cuba against U.S. hostility
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Leguan Stelling: $413M upgrade to be completed in June
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SOCU charges Herstelling family with laundering over $4.1B
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President Ali: Companies invest over $25B along coastline within two years
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Dr Ashni Singh presents the 2023 fiscal package to the National Assembly
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Finance Minister says Budget 2023 to spur investment, further enhance livelihoods
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Elections petition: CCJ overturns Appeal Court’s decision to hear dismissed case
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UK waivers visa requirements for Guyanese
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