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Shiv hits out at treatment, says it’s a bad sign for youngsters in WI

first_img REWARDING CAREER Chanderpaul enjoyed an illustrious 164-Test career, garnering 11,867 runs at an average of 51, with 30 centuries. His stellar record left him second on the all-time West Indies run-scorers list behind former batting star Brian Lara with 11,953 runs. He suffered a run of low scores, however, managing 91 runs in three Tests on the 2014-15 tour of South Africa and 92 runs in a similar three-Test series during England’s tour of the Caribbean last April. In the two series prior, he compiled 270 runs in two Tests against Bangladesh without being dismissed and averaged 48 in three Tests against touring New Zealand. Despite the dip in form, Chanderpaul believed he still had more Tests runs in him. “I thought I could have gone on for a while, given more series and retired properly,” the Guyanese explained. He added: “It’s been a great run throughout the two decades. I am thankful for all the opportunities I got. I enjoyed playing all the formats for that long.” Chanderpaul, who made his debut as a 19-year-old 22 years ago against England in his hometown Georgetown, said his career had been a rewarding one. “(It) probably could have been better in some areas, (but) my career has been great since I was a schoolkid. Then there were things you expect from certain people, but sometimes you have to put things behind and look ahead,” he noted. “I don’t know (if there are any regrets). I have always played the game with passion. I have enjoyed it. I don’t know if I have any regrets.” Chanderpaul is here to play in the inaugural MCL where he will turn out for Gemini Arabians. Lara is also participating in the tournament as captain of Leon Lions, with past stars such as Australian Adam Gilchrist, Muttiah Muralitharan and Jacques Kallis also involved. “It’s been great. All these guys from different parts of the world are here and most of them are legends, some really good players, and I am happy to play alongside them,” said Chanderpaul. DUBAI, United Arab Emirates (CMC): Retired veteran left-hander Shiv Chanderpaul believes his recent shabby treatment at the hands of selectors is a worrying sign for the younger generation of West Indies cricketers. The prolific 41-year-old was sacked last May ahead of Australia’s two-Test tour of the Caribbean, with selectors contending he had suffered a “rapid” decline in form. Chanderpaul said having not been given the opportunity to “retire properly” following a long career for West Indies, sent a negative message to up-and-coming players. “I wanted one last opportunity to play against Australia before signing off, but (I) can’t do anything about it. (I) just want to put that behind (me),” Chanderpaul said here. “I got the NOC to play in Masters Champions League (MCL) after retiring from international cricket. Having played for so long, I feel I should have been treated well. If a player (like me) is treated like that, then think how the younger generation will be treated.” He added: “Being treated like ordinary schoolboys. Nobody would come and say that you like so and so. You are always treated that way. These things will happen.”last_img read more

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Bank of Guyana overdraft now over $75B

first_imgꟷ despite IMF warning Govt to settle balanceGeneral and Regional Elections are creeping closer and closer and the central bank’s overdraft of public funds keeps increasing in size— with the latest figures from the Bank of Guyana showing an overdraft of over $75 billion.The Bank of GuyanaAccording to the Bank of Guyana’s statement of Assets and Liabilities, the bank had a negative balance of $76.8 billion as of November 12, 2019. This is a situation that can lead to revenues, in particular, the oil revenues, being diverted.The International Monetary Fund (IMF) has warned about this situation since 2018, writing in its 2018 staff report that: “Staff reiterated and stressed the importance of settling these balances at the central bank, which the authorities agreed to do in the short-term through the issuance of Treasury Bills”.Public deposits at the central bank were plunged into overdraft status back in 2015 when the new coalition government ended the year with a $2.3 billion overdraft. When the Government took over in May 2015, they had met public deposits of approximately $10.4 billion.By 2016 year-end, the overdraft had grown to approximately $21.3 billion, after a year of increasing withdrawals. At the end of the 2017 fiscal year, the overdraft had reached 25.7 billion.In contrast, Bank of Guyana data shows that the bank’s public deposits were in the positive – $21.4 billion to be precise – at the end of 2014. In 2013, the bank’s deposits were $52.1 billion. And the preceding year, the funds were approximately $57.2 billion.While the drawdown on funds started under the previous administration, public deposits were built up to over $69 billion in the year 2010. Far from being built up under the current government, they have never been able to rise above the red.But with the coming oil revenue and the extra case it brings, Government has not appeared too worried about filling fiscal holes. It was previously reported that Finance Minister Winston Jordan when asked about replenishing the fallen foreign reserves, had said there was nothing to worry about with oil money coming in.Jordan had said that with the revenue the Government is expecting from first oil in 2020, the foreign reserves will be replenished. Since he made those comments in September, Exxon and its partners have started pumping oil since last year.“That is just a temporary situation, given our receipts that come in next year,” Jordan said. “And then subsequent to that. One of the reasons you have savings is that if you have need to use some, you do that and afterwards you replenish it as you pick up again.”“So essentially, I don’t know that people have to make an alarm over it. Imports are coming into the country, the exchange rate is relatively there, notwithstanding all the pressure on the regime itself.”“Despite all of that, we are still there. It would be something of a concern if we didn’t have on the horizon foreign exchange coming to replenish, stabilise and grow (the fund),” Jordan had said.last_img read more

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