THE CURRENCY OF A COUNTRY’S SOUL

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The Currency of a Country’s Soul

The Story of a Currency and Its  People

When Guyana gained its independence in 1966, it did so with a currency and a dream. The one-dollar bill was never just paper. It was a modest symbol of a people stepping out of colonial shadows and into the bright, uncertain language of self-rule. It bore, silently but surely, the hopes of a generation that believed independence would mean more than a flag and an anthem — that it would mean bread on the table, dignity in work, and a future measured not by survival, but by progress.

Sixty years later, that same bill feels like a relic from another moral universe.

The story of the Guyana dollar is the story of a nation learning, painfully, that sovereignty alone does not guarantee strength. At independence, the exchange rate stood at about G$1.71 to US$1. Today it hovers around G$209 to US$1. What began as a respectable national symbol has been worn down by decades of inflation, mismanagement, policy drift, and economic vulnerability. But to speak only of exchange rates is to tell only half the story.

A currency falls because a country’s foundations have been weakened; and when money loses value, the people who live by wages, savings, and fixed incomes are the first to feel the wound.

This is where the history becomes less technical and more tragic.

For ordinary Guyanese, devaluation was never an abstract chart in an office. It was the rising price of rice, flour, medicine, fuel, rent. It was a salary that arrived on time but bought less than it did last month. It was the slow humiliation of watching effort lose its reward. Over time, the money in the pocket stopped reflecting the dignity of the labor behind it. The national promise narrowed. The horizon shrank. Families adapted not by thriving, but by enduring.

And that endurance, though admirable, should not be mistaken for justice.

A people can be made hardy by hardship, but they should not be forced to mistake hardship for destiny. Much of Guyana’s decline in value was not inevitable. It was shaped by leadership choices — by the absence of foresight, the failure of discipline, the habit of postponing difficult reforms, and the too-familiar tendency to place political survival above national stewardship.

When leadership is selfless, it builds institutions that protect the citizen from economic ruin. When leadership is timid, extractive, or vain, it leaves the citizen to absorb the cost of failure in silence.

 

So, the decline of the Guyana dollar is also the decline of a social contract.

That may be the hardest truth of all. Because when a currency is devalued over decades, it is not only the state that loses credibility. The people begin to lose confidence too — in systems, in promises, in the idea that tomorrow might be better than today.

The national mood darkens. Social status erodes. Hope grows cautious. Aspiration becomes expensive. And a country once birthed in optimism begins to resemble, in unsettling ways, the very vulnerability from which it sought escape.

Today, Guyana stands in a strange contradiction: a country with extraordinary resource wealth, yet one still haunted by the habits and inequalities of its past. Oil has changed the macroeconomic story, but it has not automatically healed the social one. The danger now is that the nation mistakes rising headline wealth for genuine national renewal, while inequality, mistrust, and uneven development continue beneath the surface. Without accountable and selfless leadership, even prosperity can become another chapter in the same old story.

Yet there is still meaning in the old one-dollar bill. Indeed, there is warning in it.

It reminds us that nations are not measured only by what they produce, but by how they protect the worth of their people’s labor. It reminds us that economic decline always becomes social decline when the burden is left to fall on the poor, the ordinary, and the unprotected. And it reminds us that independence is not a completed act, but a continuing obligation — one that demands honesty, courage, and sacrifice from those entrusted with power.

The old bill, then, is not merely a collector’s item. It is a witness. It stands as a paper archive of promise, loss, and the unfinished work of nationhood. It asks a difficult question of the present: what is a country worth if its money dwindles, its people struggle, and its leaders mistake motion for progress?

The old one-dollar bill therefore speaks with unusual force. It tells us that currencies do not collapse in isolation, and societies do not decay by accident. When the national economy is mishandled, the people pay first, longest, and hardest. And when a country loses sight of the public good, even its symbols — its money, its institutions, its promise — begin to look like relics of a future it never fully realized.

A nation can be born in hope and still age in neglect. Guyana’s one-dollar bill tells us that plainly.

𝙏𝙝𝙚 592 𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣 𝙞𝙨 𝙖𝙣 𝙞𝙣𝙙𝙚𝙥𝙚𝙣𝙙𝙚𝙣𝙩 𝙂𝙪𝙮𝙖𝙣𝙚𝙨𝙚 𝙘𝙤𝙢𝙢𝙚𝙣𝙩𝙖𝙧𝙮 𝙖𝙣𝙙 𝙤𝙥𝙞𝙣𝙞𝙤𝙣 𝙤𝙪𝙩𝙡𝙚𝙩 𝙘𝙤𝙫𝙚𝙧𝙞𝙣𝙜 𝙘𝙞𝙫𝙞𝙘, 𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡, 𝙖𝙣𝙙 𝙧𝙚𝙜𝙞𝙤𝙣𝙖𝙡 𝙖𝙛𝙛𝙖𝙞𝙧𝙨.

Guyana Development Bank: Can be great, Can be grotesque

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THE 592 GUARDIAN♦ACCOUNTABILITY JOURNALISM♦ JUNE 2026

Guyana Development Bank: Can be great, Can be grotesque

The PPP Govt-initiated $40 billion Guyana Development Bank (Bank) can be great.  Ordinary Guyanese, poor but harboring inspired ideas, lack capital, but an opportunity beckons.  Opportunity to rise from where they are to what they envision could be, should be.  Again, compliments to the PPP Govt for this brainchild.  What has high potential for individual, family, and community prosperity?                         Let it never be said that I didn’t extol the government.

Much has been written about the Bank.  Its innate goodness, noble charter, inspiring character.  Gnawing concerns persist.  Still, no tainting to this offering by dealing in who defends for a dollar.  Or the rancidly partisan who behold only the worst.  I see potential for the worst malfeasances in this Bank.  I detect that it can be a lifeline to Guyanese who need the monetary boost.  Above bottom-house, beyond street corners, out of the economic lowlands so prone to floods of woes that there’s weeping.  Only weeping.

I stated my thinking, position.  Another is presented.  Three precedents offered.  Should suffice.                                         There is a Natural Resource Fund Act/Law.  I point not to loopholes.  I point to its demand for “transparency and accountability.”  Who argues with laws with such clauses embedded?  Plus, withdrawals used for “national development priorities.”  Music.  Easy listening.  Guyanese listened, heard.  From a Guyana Government official, that rarest of rarities: Guyana Scholar.  He disclosed how the billions (U.S.) withdrawn from the NRF were spent in three words: “national development priorities.”  Three words “transparency and accountability”, as enshrined in the NRF Law, begat three more: “national development priorities”, also incorporated in that same law.  No more.  Not a fourth word. 

If this is what Guyanese get for spending clarity from a Guyana Scholar, what prospects from Guyana’s handpicked political dunces? 

Not one dollar, not one million, not one billion, could be shared, relative to spending specifics.  Commingling conquering accountability.  The words of a law of Guyana taken and hurled into the face of citizens, by one of its reputed best.  It’s the raw reality of Guyana’s “accountability” for its largest savings account, pursuant to law.  What fate awaits the Guyana Development Bank?

Next, there’s a law birthed 14 years ago that empowers Guyanese to access unclassified, nonconfidential, non-national security information.

  The law rusts, rots.  Guyanese seeking access have been mostly dismissed.  Light slap.  Other petitioners got dismissed, then degraded.  The law is there.  The mechanism is there.  Where is the access to information sought, as the law provides?  From that second precedent, I move to the $40 billion Guyana Development Bank.  Would obscurity to protect be among the primary workings of this multibillion-dollar Bank?  Protect who and for what? 

Ignored today are favoritism, cronyism, and nepotism.  May those never dawn.

 Only the Bank’s honest duty, transparency, and accountability.  What road ahead for this Bank that could be a flagship of incorruptibility?  The identification of its controllers (likely already selected) should inform accordingly.

Last, there is the crime of statutory rape.  When underage children are abused, that’s statutory rape.  Official reports state that 584 statutory rapes were committed in the last five years (2020-25).  The law mandates the charge of statutory rape.  Children cannot consent.  Which rapists were charged?  How many of the 584 statutory rapists were even approached by the Guyana Police, other government institutions?  Dr. Vindya Persaud (Minister) and Dr. Clifton Hicken (Police Commissioner) are respectfully invited to help: how many charged?  Only the number.  Easy for a government grown fond of its own statistics.

For the PPP Govt, for PPP leaders, there are some questions.  Why are lawbreakers (statutory rapists) elevated to parliament as lawmakers?  Why are they not charged?  There’s One Guyana optics.  And a large constituency to be kept happy.  But, by God, at the price of parliamentary obscenity?  Even when children are assaulted, and one ending it all.  It calls for an extraordinarily obscene breed of political leaders to condone first, then reward.

Thus, three examples: Oil Fund billions, access to information, and statutory rapes, as contexts.  There are governing laws for each, like the Bank.  How different will the Guyana Development Bank be?  The people’s patrimony and prosperity, their peace of mind, jeopardized.  The lifeblood of democracy (information) blocked, poisoned, then extinguished.  Protection of Guyana’s young bartered for filthy political mileage.  Laws exist for all three areas. 

Yet there are these inarguable, destructive conditions in Guyana’s environment.  Now comes this $40 billion Guyana Development Bank.  It can be a boon for the poor and hopeful. 

Maybe a bonanza for the schemers, defrauders, that makeup over 90% of PPP governance, PPP stewardship, PPP morality and integrity.

 

Soon, Guyanese shall see.

𝙏𝙝𝙚 592 𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣 𝙞𝙨 𝙖𝙣 𝙞𝙣𝙙𝙚𝙥𝙚𝙣𝙙𝙚𝙣𝙩 𝙂𝙪𝙮𝙖𝙣𝙚𝙨𝙚 𝙘𝙤𝙢𝙢𝙚𝙣𝙩𝙖𝙧𝙮 𝙖𝙣𝙙 𝙤𝙥𝙞𝙣𝙞𝙤𝙣 𝙤𝙪𝙩𝙡𝙚𝙩 𝙘𝙤𝙫𝙚𝙧𝙞𝙣𝙜 𝙘𝙞𝙫𝙞𝙘, 𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡, 𝙖𝙣𝙙 𝙧𝙚𝙜𝙞𝙤𝙣𝙖𝙡 𝙖𝙛𝙛𝙖𝙞𝙧𝙨.

Procedure Recited Is Not Accountability Rendered: CJIAC’s Non-Answer to Zaid Khan

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THE 592 GUARDIAN♦ACCOUNTABILITY JOURNALISM  EDITORIAL♦June 20, 2026

Procedure Recited Is Not Accountability Rendered: CJIAC’s Non-Answer to Zaid Khan

Three days of silence ended not with an answer but with a policy memo. CJIAC’s press release confirms a prosthetic should never have been removed — and never once confirms, denies, or investigates whether Zaid Khan’s was.

The Cheddi Jagan International Airport Corporation has finally spoken, three days after Zaid Khan’s account of being ordered to remove his clothing and his prosthetic leg in a side room began circulating widely. What it produced is not a response to Khan. It is a recitation of the National Civil Aviation Security Program, dressed up as one.

Nowhere in CJIAC’s statement does the name Zaid Khan appear. Nowhere does the date June 17 appear. Nowhere is there an acknowledgment that a specific, named traveler made a specific, detailed allegation against specific members of staff.

 

The corporation answered a question nobody asked — what is the policy — while leaving untouched the question the entire country is asking: what happened to this man, and was it followed.

Read closely, the release is more revealing than its authors likely intended. It states that passengers facing a secondary screening alert must be offered a choice between a private screening room or a secondary screening machine, and it states without qualification that removal of a prosthetic device is never mandatory.

If that is CJIAC’s own standard, then Khan’s account — an officer in a side room instructing him to remove both his pants and his prosthetic — describes conduct that fell outside policy on its face. CJIAC has, in effect, confirmed the violation while declining to confirm that it occurred.

That is not clarification. It is a corporation citing the rulebook to avoid discussing the foul.

 Just as telling is what the statement asks of the public going forward: passengers with complaints should bring them to the Customer Relations Unit, through a phone line, a WhatsApp number, or an email address. This is the posture of a corporation that has not yet treated Khan’s account as a complaint requiring a response, despite it being public, specific, dated, and amplified for days.

A traveler does not need to refile a grievance the entire country has already read in order for an airport corporation to pull its own security footage from June 17 and look at it.

That CJIAC apparently has not done so — or has done so and declined to say what it found — is itself the story.

 The minister with responsibility for civil aviation followed the same script three days on: a statement that walked through existing protocol without engaging the specifics of what Khan says was done to him. Reciting the rules a second time, through a different office, does not multiply into an answer.

It only confirms that the instinct across this administration, when a disabled traveler alleges mistreatment by name, is to point at the manual rather than open the file.

None of this addresses the pattern Khan’s post has already surfaced — other travelers, including Muslim women, describing screening that singled out their attire. CJIAC’s release does not mention that pattern at all, which means it has not yet decided whether June 17 was an isolated lapse or a symptom. The public cannot tell the difference from a press release that never engages the incident in question.

This outfit does not require CJIAC to assume guilt before any review is complete. We require it to do what it told the public it would do: investigate where procedure has been breached, and say so. That means four things, plainly stated, not implied through boilerplate:

•Confirm or deny what occurred in that side room on June 17

•Disclose whether the officers involved have been identified and what, if anything, follows for them

•Commit to a public timeline for that review rather than an open-ended invitation to file a complaint 

•Address whether Khan’s account fits a broader pattern at the airport’s screening checkpoints.

 A press release that defines the rules without confirming whether they were broken is not transparency. It is choreography, and the traveling public — along with every investor this country is courting on the strength of its openness — deserves better than a non-answer dressed in institutional language.

We will keep asking until CJIAC, and the ministry standing behind it, answer the question actually in front of them.

— The 592 Guardian Editorial Board

EXPORTING ECOCIDE

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THE 592 GUARDIAN♦INVESTIGATIVE REPORT♦ JUNE 2026

EXPORTING ECOCIDE

How Brazil’s Gold-Laundering Fraud Is Crossing Into the Guiana Shield — A Comparative Assessment of Guyana’s Exposure                                                                    Prepared for the Transparency Institute of Guyana Inc.

EXECUTIVE SUMMARY

In June 2026, Greenpeace Brazil published Gold Laundering in the Amazon: Anatomy of a Fraud, a forensic account of how Brazil’s Garimpo Permit regime has been converted into a laundering instrument for gold stolen from Indigenous Lands and Conservation Units. Of 187 mining tenements the organization examined across Pará, Mato Grosso, and Rondônia, 98 showed irregularities consistent with fraud, together accounting for 25.3 tons of gold worth an estimated R$18.4 billion. The pattern Greenpeace documented was not a single bad actor but a structural feature of the permitting system itself: permits granted without independent geological verification, production volumes accepted on the word of the permit holder, and buyers shielded for a decade by a legal presumption of good faith that Brazil’s Supreme Court only struck down in 2025.

This assessment argues that the same structural conditions are already present in Guyana, and that Guyana is not a hypothetical extension of Brazil’s problem but a documented destination for it. The Guiana Shield is a single contiguous goldfield split across several jurisdictions with wildly uneven enforcement; when Brazil tightens its grip on illegal mining, capital, equipment, and personnel move to whichever neighboring jurisdiction offers the path of least resistance.

The clearest current illustration is the Marudi mining district in Region Nine, where a Special Mining Permit issued to a cooperative that no longer legally exists continues to generate gold sales, and where a Brazilian national recently sentenced to over twenty-two years for organizing illegal mining inside Yanomami Indigenous Territory has been photographed with senior Guyanese officials.

This is a desk-based comparative assessment, built on public reporting, court records cited in the Brazilian and Guyanese press, regional research, and the Greenpeace report itself. It does not attempt the satellite-and-productivity audit Greenpeace conducted in Brazil, because that capability does not currently exist inside Guyanese civil society, and because the underlying GGMC and Guyana Gold Board declaration records such an audit would need are not realistically obtainable through Guyana’s domestic information-access channels — a constraint TIGI’s own experience with the Extractive Industries Transparency Initiative process illustrates directly.

That gap is the basis for this brief’s central recommendation: that TIGI formally invite Greenpeace’s gold-forensics team to extend its methodology to Guyana’s highest-risk permits, beginning with Marudi.                   

THE BRAZILIAN TEMPLATE: ANATOMY OF A FRAUD

Brazil’s Garimpo Permit, or Permissão de Lavra Garimpeira (PLG), was created in 1989 to bring small-scale, cooperative mining into a simplified legal regime. Over time, and especially after prior mineral-survey requirements were waived to speed the regularization of existing operations, the PLG became something else: a documentary shell. Because permit holders themselves declare how much gold a site is capable of producing, with no independent geological check, a PLG can certify almost any volume of gold as legitimately mined, regardless of what is actually happening on the ground.

Aircraft destroyed by Brazilians Inspectors

Greenpeace Brazil sorted the 98 irregular permits it found into two categories. Ghost garimpo mines, just under a third of the irregular permits but nearly half the declared tonnage, showed no mining activity whatsoever on satellite imagery or flyover — meaning the permit existed purely to supply a paper trail for gold mined somewhere else entirely, including inside Indigenous Lands.

Industrial-scale garimpo operations, the larger category by count, involved multiple permits held by the same cooperative or by linked titleholders, combined into operations far beyond the legal size limit for small-scale mining, with no visible boundary between tenements on the ground.

The buying side of this system was protected for a decade by a 2013 law presuming the legality and good faith of brokers who bought gold from PLG holders, provided the seller supplied basic paperwork. Brazil’s Supreme Court declared that presumption unconstitutional in March 2025, after finding it had functioned as a shield for exactly the laundering pattern Greenpeace later documented. Federal audit bodies reached similar conclusions: a 2025 audit found the national mining agency was not exercising its legal authority to require geological surveys, and a 2022 audit had already found the agency failed to enforce even basic documentation standards. Greenpeace’s recommendation to Brazilian regulators was correspondingly narrow and specific — require the surveys the law already allows for, and cancel permits that have generated royalty payments with no corresponding evidence of mining.   

ONE GOLDFIELD, SEVERAL JURISDICTIONS: THE LEAKAGE PROBLEM

“The Guiana Shield does not respect the borders drawn across it. The same greenstone geology that produces gold in Pará and Roraima continues, structurally uninterrupted, through Guyana, Suriname, and French Guiana, and the population of small-scale miners working it has moved across those borders for over a century, following wherever enforcement is weakest and prices are highest.”

This is not speculation; it is measured. A 2025 study using deep-learning analysis of satellite imagery across Guyana, Suriname, and French Guiana found a 995 percent increase in the number of active mine sites and a 1,411 percent increase in total mined area between 1995 and 2024 — figures that track closely with the 1,100 percent expansion of garimpo area Greenpeace documented across the Brazilian Amazon over a similar period.

Peer-reviewed research on the region’s deforestation patterns has identified the underlying mechanism directly: tighter enforcement in one Guiana Shield jurisdiction correlates with reduced mining-driven deforestation there, and a corresponding rise next door. French Guiana’s repression campaign after 2008 is the clearest documented case; Suriname and Guyana absorbed much of what it displaced.

Brazil has just run a larger version of the same experiment. Military and federal police operations against illegal mining inside Yanomami Indigenous Territory pushed garimpeiro capital and labor into Venezuela and Guyana, a migration regional security researchers already describe as established fact rather than future risk. Guyana has hosted large populations of Brazilian miners before, with one historical estimate placing an enclave in the tens of thousands at the turn of the millennium during an earlier crackdown cycle in Venezuela.

“What is different this time is the scale of Guyana’s own gold sector, the volume of capital now attached to it, and the fact that the people arriving are not only artisanal miners displaced by enforcement but, in at least one documented case, the organizers of large-scale criminal operations themselves.”

 CASE STUDY: THE PERMIT THAT OUTLIVED ITS HOLDER

Mazoa Hill, in the Marudi mining district of Region Nine, is the clearest illustration available of how Brazil’s fraud pattern would look transplanted into Guyana’s permitting architecture.

Rodrigo de Mello with Min. Bharrat

In 2021, an agreement gave the Rupununi Miners Association Cooperative Society a Special Mining Permit covering a 400-hectare section inside a larger concession held by the Canadian company Golden Shield Resources, through its subsidiary Aurous Guyana. In May 2023, Guyana’s Ministry of Labour cancelled the RMA Cooperative’s registration following an inquiry under the Co-operative Societies ActAccording to reporting in March 2026, mining at Mazoa Hill has continued since, under a permit issued to a legal entity that, on paper, no longer exists. The Rupununi Miners Association disputes that this represents any irregularity, maintaining that operations continue under proper authorisation despite what it describes as administrative restructuring.

This is functionally the same defect Greenpeace identified in its ghost garimpo mine category: a licensing instrument detached from the legal or physical reality it is supposed to certify.

The difference is that Brazil’s ghost permits were typically disconnected from mining activity on the ground; Guyana’s case at Mazoa Hill is disconnected from the legal existence of the permit holder itself — arguably a starker version of the same regulatory failure.

Bruna Mello- sister of Rodrigo making payments to GGMC

The dispute over what is actually leaving the site has become public and unresolved. Opposition parliamentarians who visited Region Nine in early 2026 alleged that gold worth millions of US dollars is leaving Marudi daily; the GGMC’s Commissioner has publicly rejected claims of large-scale smuggling as lacking technical credibility, while the Rupununi Miners Association has called allegations of foreign control and illegal airstrips unsubstantiated.

Access to the site itself is restricted to those who comply with entry requirements set by the miners’ association, which means the dispute cannot currently be resolved by anyone simply going to look.

None of this is happening in a vacuum for the people who live there. Wapichan communities raised concerns about the original Marudi mining deal as early as 2021 and 2022, when a UN Special Rapporteur communication to Golden Shield Resources noted that affected Indigenous communities appeared to have been consulted only after the mining agreement had already been signed — a sequence inconsistent with international free, prior and informed consent standards.

Brazilian fugitive ,PPP benefactor ?

Subsequent testing identified Parabara village, the community closest to Marudi Mountain, as carrying the highest mercury contamination levels recorded among Indigenous communities studied in the region — a Guyanese parallel to the Fiocruz findings Greenpeace cites from the Munduruku Indigenous Land in Brazil, where the great majority of pregnant women tested carried mercury above safe thresholds.                                                                                     

THE CATARATAS VECTOR: WHEN THE RECORD CROSSES THE BORDER TOO

What makes Marudi more than a regulatory curiosity is the presence there, as recently as March 2026, of Rodrigo Martins de Mello, a Brazilian national known as Rodrigo Cataratas. A Brazilian federal court sentenced him in February 2026 to more than twenty-two years in prison for leading a criminal organisation that mined illegally inside Yanomami Indigenous Territory — the same protected territory Greenpeace’s Brazil report uses repeatedly to illustrate the human and environmental cost of garimpo expansion. Court documents cited in Guyanese press coverage describe a logistics network of at least twenty-three aircraft used to move miners, fuel, supplies, and extracted minerals into and out of Indigenous land.

de Mello with Minister Anand Persaud  while a fugitive in Brazil

Images circulating in early 2026 showed Cataratas alongside senior Guyanese government officials. The South Rupununi District Council, convening a meeting with the GGMC and the Rupununi Miners Association on 14 March, was told by miners present that Cataratas had been operating in the Marudi area and was assured he was no longer there. No independent confirmation of his departure has been offered. Toshaos at that meeting raised explicit concern about the prospect of Brazil’s criminal mining networks establishing themselves in the South Rupununi — language that suggests local Indigenous leadership already understands what this assessment is arguing in writing: that the same operators, not merely the same methods, can move between jurisdictions faster than oversight bodies can track them.                 

THE VERIFICATION GAP: WHY GUYANA CANNOT ANSWER ITS OWN QUESTION

Guyana’s gold-buying architecture differs from Brazil’s on paper. Where Brazil relied on numerous private broker-dealers shielded by a statutory presumption of good faith.

Guyana centralizes purchase through a single statutory buyer: under the Guyana Gold Board Act, no one may sell or buy gold from anyone other than the Board or its licensed agents. In principle, a monopsony buyer should be easier to audit than a fragmented private market.

In practice, the underlying vulnerability is the same one Greenpeace identified in Brazil. Declared origin and declared volume are accepted at the point of sale without independent geological verification against the size and history of the claim or permit involved. This is not a new concern for Guyana’s gold sector: a Ministry of Finance-linked audit document has previously recorded an episode in which gold believed to have originated in Guyana surfaced in Curaçao accompanied by electronic documentation from Guyanese sources, with the audit noting that recommended follow-up investigation did not appear to have been pursued by the responsible agencies.                         

The mechanism Greenpeace calls the second presumption of good faith, in other words, has a Guyanese precedent.

What Guyana currently lacks is the tool Greenpeace built to resolve exactly this kind of dispute: a productivity benchmark, expressed as gold declared per hectare of permitted area, cross-checked against satellite imagery and flyover validation, capable of distinguishing a permit that is producing the gold it declares from one that is laundering gold mined elsewhere. Applied to the live dispute over Marudi’s output, that methodology would not need access to contested domestic paperwork at all; it works from publicly available satellite data and the declared boundaries of the permit itself — precisely why it is the right tool for a jurisdiction where the underlying GGMC and GGB declaration records are not realistically obtainable through domestic information-access channels.   

WHO WATCHES THE WATCHERS: GYEITI’S CONFLICT OF INTEREST

Brazil’s federal audit bodies found that the agency responsible for granting and policing PLGs was not exercising the oversight authority the law already gave it. Guyana’s parallel institution for extractive-sector transparency, the Extractive Industries Transparency Initiative process, has its own documented capture problem. In November 2025, TIGI publicly disputed the government’s appointment of a Civil Society Convenor for Guyana’s EITI process on the grounds that the appointee himself held seventeen mining licenses across roughly nineteen thousand five hundred acres in the Cuyuni Mining District, an arrangement TIGI characterized as incompatible with the independent civil-society oversight role the position is meant to perform.

Ecocide in real-time

The detail matters because it answers, in advance, an obvious objection to this assessment’s central recommendation  

Guyana cannot simply ask its own oversight architecture to investigate itself. By TIGI’s own public account, the body specifically designed to give civil society an independent check on extractive-sector data is, at present, occupied by an extractive-sector concession holder

WHY THIS NEEDS GREENPEACE

Greenpeace Brazil did not produce an opinion about gold laundering in the Amazon; it produced a method.  Royalty declarations benchmarked against permit area, cross-checked with satellite mosaics and validation flyovers, turned a contested political argument about smuggling into a falsifiable, hectare-by-hectare claim about what a piece of land could plausibly have produced. That method does not depend on subpoena power, or access to a mine site, or on cooperation from the agency being investigated. It depends on satellite coverage and public permit boundaries, both of which already exist for Guyana.

TIGI brings what Greenpeace’s Brazil team cannot supply on its own: domestic legitimacy, an anti-corruption mandate dating back to 2010 as Transparency International’s accredited national chapter, and existing relationships with the Indigenous representative bodies whose communities are living with the consequences at Marudi. Greenpeace brings the remote-sensing and forensic-accounting capacity that no Guyanese civil society organization currently has in-house, built and tested on a directly comparable case just across the border.

Neither organization can close Guyana’s verification gap alone. Together, they could turn Marudi from a dispute between an opposition party and a government commissioner into an independently documented fact.

  RECOMMENDATIONS

1.The Guyana Geology and Mines Commission should require verified production estimates or prior geological survey before granting or renewing Special Mining Permits and small-scale claims, rather than accepting self-declared productive potential — mirroring the authority Greenpeace recommended Brazil’s National Mining Agency actually use.
2.An independent body, ideally the Office of the Auditor General working with external technical support, should review permits and Special Mining Permits generating Guyana Gold Board declarations with no verifiable corresponding production, beginning with the Mazoa Hill SMP tied to a dissolved cooperative.
3.GYEITI’s Civil Society Convenor role should carry an enforceable conflict-of-interest bar against active concession holders, restoring the independent verification function the position was created to provide
4.TIGI should formally invite Greenpeace’s Brazil-based gold-forensics team to extend its satellite-and-productivity methodology to Guyana’s highest-risk permits, starting with Marudi/Mazoa Hill, in partnership with the South Rupununi District Council and the Amerindian Peoples Association.
5.Guyana should pursue an independent, geochemically or satellite-grounded traceability mechanism for its gold sector, since self-certification by permit holders and a single statutory buyer of last resort cannot, on their own, substitute for ground-truthed verification.

Note on sourcing: this assessment is a desk-based comparative analysis drawing on public reporting, court records as cited in the press, NGO and academic studies, and the Greenpeace Brazil report. Claims still disputed by named parties — including the scale of gold leaving Marudi and the current whereabouts of Rodrigo Martins de Mello — are presented as disputed, not as established fact, and are flagged as such in the text and footnotes above.

End.

Iran: Two victory parades, Then both cancelled

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THE 592 GUARDIAN ♦ACCOUNTABILITY♦INTEGRITY♦TRUTH

Iran: Two victory parades, Both cancelled

OP-ED BY: GHK LALL

The controllers of Tehran call it a victory.  The Washington dealmaker insists he came out ahead.  Perhaps, both sides won.  Skeptics can split the difference.  My take is simple.  Somebody got out-wheeled, left with the wrong side of that peace deal.  Scratch the Persians.  Hurts to say that as an American.  But what other options are on the table?

First, there were bombs to beat the ayatollahs into submission.  Some did bite the dust.  The survivors threw more dust back at Washington and its chief bluffer.  The formula was old, battle-tested.  The friend of my enemy is my enemy.  Neighborhood airport and assets targeted.  Some screamed bloody murder behind the scenes. 

Happens to those who grow soft from sweet living.  Who needs nukes?  Why, when there are those Achilles heels right nearby?  From punishing embargoes to bunker busters, and the men in turbans still held out.  I had warned that their kind of pitched battle is not CNN material.  Nor the type that pleases Fox News and Friends.  These people know hardship.  They have weathered from Leonidas to Alexander the Great. 

They are still standing.  A little bruised and black-and-blue.  But still standing.  Fighting spirit intact.  The spirit of martyrdom itching for a showdown.

Have soldiers arrayed in a ring?  Bring ’em on!  A ring of fire is waiting.                                                                                                                     Somehow, somebody with some sense in DC finally prevailed.  This is not America’s war.  This is all Netanyahu.  A desperate gamble to get free land and lavish oil supplies.  A couple of bombs, a few dead civilians, a loss of that feeling of invincibility is a cheap price to pay.  A better Iron Dome could be built.  The U.S. Congress would see that it’s funded.  What, do otherwise, and risk losing being re-elected?

The champion warrior and master dealmaker found that his book was out of pages.  What to do?  Bring in Rawalpindi.  The Swiss had reserved a conference room. 

Iran took a battering, but got home safely.  Money.  Security.  Guarantee.  They wrote their own deal book.  So, what did Mr. Manifest Destiny take home to the American people? 

A dog with its tail between its legs.  His own people are already having a fun time, kicking it from left to right. 

 When the kicking is done, hundreds of billions are still needed.  Gone are those bad ole days of not negotiating with terrorists.  Get used to the New World Order.  In Guyanese: knack gah knack bak.  It is not easy for a man accustomed to do the smacking to get smacked around.

Hello!  What about nukes?  Well, what about them?  The Iranians bought time.                                                                                                  Washington says that’s fine.  Then concoct some strange lines.  To justify.  Pacify Netanyahu.  Smooth things over at home and abroad.  It’s smooth sailing in the Strait of Hormuz.  Never heard of something so straightforward getting so tangled up, mined up, muddied up. 

What’s next in the cauldron that’s the Middle East?  Netanyahu isn’t a fellow to take his licks lying down.  He is already plotting.  Weighing whether to rollout his own marbles.  Activating that facility buried in the desert.

Desperate men losing friends fast think the unthinkable.  Attempt the desperate, the face-saving. 

 If there could have been Dresden and Frankfurt-in-Main in Germany almost a hundred years ago, there could be Teheran.  Teach dose peeple a lesson.

Listen up, people.  Get this straight.  There’s a new bully in town.  No 80-year-old washed up has been playing at James Cagney or Russell Crowe.  If there are any people good at playing mad, there are none better than the Iranians.  They hold the cards.  They wear the smirk.  To prove.  Ceasefire shaky.  Straits of Hormuz closing.                                                                                    Still working at figuring out which side got the better deal?  Keep on figuring.                                                                                                                    Continue playing the fool.  Risk being taken for a sucker, another fall guy.

𝙏𝙝𝙚 592 𝙂𝙪𝙖𝙧𝙙𝙞𝙖𝙣 𝙞𝙨 𝙖𝙣 𝙞𝙣𝙙𝙚𝙥𝙚𝙣𝙙𝙚𝙣𝙩 𝙂𝙪𝙮𝙖𝙣𝙚𝙨𝙚 𝙘𝙤𝙢𝙢𝙚𝙣𝙩𝙖𝙧𝙮 𝙖𝙣𝙙 𝙤𝙥𝙞𝙣𝙞𝙤𝙣 𝙤𝙪𝙩𝙡𝙚𝙩 𝙘𝙤𝙫𝙚𝙧𝙞𝙣𝙜 𝙘𝙞𝙫𝙞𝙘, 𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡, 𝙖𝙣𝙙 𝙧𝙚𝙜𝙞𝙤𝙣𝙖𝙡 𝙖𝙛𝙛𝙖𝙞𝙧𝙨

“Kwakwani’s Floods: A Recurring Crisis Demanding a Permanent Solution”

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THE 592 GUARDIAN♦ ACCOUNTABILITY♦INTEGRITY

“Kwakwani’s Floods: A Recurring Crisis Demanding a Permanent Solution”

Another flood season, another round of assurances, and once again the people of Kwakwani find themselves navigating rising waters, damaged homes, and disrupted livelihoods. The recent statements from Agriculture Minister Zulfikar Mustapha—that water levels are expected to recede as rainfall declines—may offer temporary comfort, but they do little to address a far more troubling reality: Kwakwani’s flooding is no longer an occasional crisis. It is a predictable, recurring event.

For decades, the community has endured seasonal inundation driven by heavy rainfall, overtopping of the Berbice River, and tidal influences. What was once described as a phenomenon occurring every ten years has now evolved into a far more frequent cycle, exacerbated by climate change and environmental shifts. Yet, despite this well-documented pattern, the national response remains largely reactive—mobilizing relief supplies, conducting assessments, and waiting for waters to recede.

This cycle is not just environmentally unsustainable; it is fiscally irresponsible.

Each flood event triggers a cascade of public expenditure: emergency response deployment, infrastructure repair, drainage interventions, and social assistance. Beneath these visible costs lie deeper, less quantified burdens—lost income, disrupted education, health risks, and the psychological toll on affected families. In effect, the State is repeatedly paying to manage a problem it already understands, without committing to a permanent solution.

The question therefore arises: at what point does recurring expenditure outweigh the cost of decisive intervention?

Successive administrations have long acknowledged Kwakwani’s vulnerability. As far back as 2006, efforts were initiated to relocate residents from flood-prone waterfront areas to higher ground. Yet, nearly two decades later, that initiative remains incomplete, underutilized, and largely ineffective. The reasons are not difficult to identify—insufficient incentives, weak planning, limited infrastructure, and a failure to align relocation with the economic realities of residents whose livelihoods are tied to the river.

But these challenges do not justify inaction. They demand better policy design.

A modern, responsible approach to Kwakwani must move beyond short-term relief and toward a structured, long-term resilience strategy. This requires a holistic framework grounded in three key pillars.

First, the government must pursue a voluntary but incentivized relocation programme. This means more than allocating land—it requires fully serviced housing schemes, secure land titles, and financial support mechanisms that make relocation both viable and attractive. Residents cannot be expected to abandon their homes for uncertainty.

Second, any relocation effort must be accompanied by livelihood transition planning. Economic displacement is one of the primary barriers to resettlement. Ensuring access to transportation, markets, and alternative income opportunities is critical if relocation is to succeed. Without this, relocation efforts will continue to face resistance.

Third, there must be targeted investment in resilient infrastructure. Not all areas can or should be abandoned. Strategic flood defenses, improved drainage systems, and climate-adaptive planning are essential to protect critical assets and reduce vulnerability where relocation is not feasible.

Equally important is the enforcement of land-use policies to prevent further expansion into high-risk zones. It is counterproductive to relocate some residents while allowing others to settle in the same vulnerable areas.

 

The situation in Kwakwani is not unique. It is emblematic of a broader governance challenge in Guyana—where known risks are repeatedly managed rather than resolved. In an era of increasing climate uncertainty, this approach is no longer tenable.

If the government is serious about protecting citizens and managing public resources responsibly, it must shift from a reactive posture to a proactive strategy. The science is known. The risks are clear. The costs—both human and financial—are mounting.

Kwakwani does not need another promise that floodwaters will recede. It needs a plan to ensure that when they do, they do not return with the same devastating regularity

.Recurring floods should not mean recurring failure.

 

A Manufactured Shortage: ExxonMobil, Government, and the Failure to Prepare Guyana’s Workforce

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THE 592 GUARDIAN♦ ACCOUNTABILITY JOURNALISM JUNE 2026

A Manufactured Shortage: ExxonMobil, Government, and the Failure to Prepare Guyana’s Workforce

ExxonMobil’s admission that it is struggling to find sufficient skilled Guyanese workers should not be mistaken for an unfortunate surprise. It is the predictable outcome of a development model in which both the operator and the State—Guyana’s 50 percent profit partner—failed to prepare for the very scale of transformation they eagerly pursued.

After nearly a decade of oil production planning and six years since first oil, ExxonMobil is only now commissioning a baseline study to assess workforce capacity.

 

That exercise, while useful, comes far too late. The scale of Guyana’s offshore resources was never a mystery. From the early discovery phase, it was clear that multiple FPSOs, complex subsea systems, and a highly technical operational environment would demand a deep and continuously replenished pool of skilled labor.

Yet neither ExxonMobil nor the Government of Guyana treated workforce development as an urgent, front-loaded priority. Instead, both appeared content to focus on the inflow of revenues while underestimating—or outright neglecting—the foundational inputs required to sustain production at scale.

The Government’s role in this failure is particularly stark. As a direct beneficiary of oil profits and the steward of national development, it had both the incentive and the authority to align education, training, and labor policies with the demands of the emerging petroleum sector. Seven years was more than sufficient time to expand technical institutes, modernize curricula, fund specialized training programs, and establish structured pipelines into the industry.

That did not happen at the necessary pace or scale.

Instead, Guyana is now confronting a tightening labor market where demand is outstripping supply, forcing companies to compete for a limited pool of qualified workers. The consequences extend beyond the oil sector.

The very Dutch Disease dynamics now being cautiously referenced by ExxonMobil—where one industry cannibalizes talent from others—are being actively set in motion by this shortage.

Guyana now faces a convergence of pressures: an accelerating production schedule, a tightening labor market, and the risk of economic imbalance. ExxonMobil’s study may provide useful data, but data alone will not resolve a structural deficit that has been years in the making.

Healthcare, education, construction, and public administration are all vulnerable to losing skilled personnel to higher-paying oil and gas opportunities.

This is not merely a labor issue; it is a structural economic risk that threatens to distort national development.

 ExxonMobil’s data reveals the complexity of the situation. While 68 percent of the workforce is Guyanese and some 1,800 offshore workers have been trained to international standards, the company still reports increasing difficulty in sourcing qualified personnel. This highlights a critical gap between participation and proficiency. Guyanese workers are present, but the pipeline of advanced technical expertise remains too shallow for the industry’s accelerating demands.

It is also telling that this moment of reckoning coincides with stricter enforcement of local content requirements.

It is also telling that this moment of reckoning coincides with stricter enforcement of local content requirements.

The Government’s push toward a 60 percent threshold has effectively forced a confrontation with realities that should have been addressed years ago.

What is now framed as a labor shortage is, in truth, a planning deficit.

 Both ExxonMobil and the Government must now confront their shared responsibility. The company cannot credibly claim surprise at constraints it had the data to anticipate, and the Government cannot position itself as a passive regulator when it is an active partner in the venture.

The path forward requires more than retrospective analysis. It demands coordinated action between the government, the private sector, and educational institutions. Targeted scholarships, expanded technical training, apprenticeship programs, and international partnerships must be scaled rapidly and strategically. Crucially, these efforts must extend beyond oil and gas to ensure that other sectors are not hollowed out in the process.

Corrective action is still possible, but it will require urgency and coordination that have so far been lacking.. At the same time, deliberate policies are needed to protect other sectors from being stripped of talent.

Guyana’s oil wealth was always going to test the country’s institutional capacity. What is now evident is that both the operator and the State underestimated the complexity of that test.

As Guyana stands on the brink of unprecedented economic transformation, the lesson is clear. Resource wealth alone does not guarantee development. Without early investment in people—the most critical resource of all—even the most lucrative opportunities can expose the fragility of a nation’s foundation.

The result is a labor shortage that is neither accidental nor unavoidable. It is manufactured—born of delayed planning, misplaced priorities, and a collective failure to recognize that human capital is the true engine of any resource economy.

Seven years later, Guyana is paying the price for that oversight.

 

ENTER THE POLITICAL KINGDOM

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THE 592 GUARDIAN♦ SPECIAL FEATURE ♦ JUNE 2026.

ENTER THE POLITICAL KINGDOM.— MOSES BHAGWAN

Moses Bhagwan and the Memory of a Nation

Moses Bhagwan has lived long enough to know that history is never as neat as the textbooks make it seem. It arrives in fragments, in clashes of memory, in the stubborn persistence of people who refuse to let their stories be erased.

 His memoir, Enter the Political Kingdom, carries that same spirit: part witness account, part political chronicle, and part personal testament to a life spent inside Guyana’s most challenging struggles.

Bhagwan is not writing from the margins. He is writing from the center of the storm.

The publisher describes him as a descendant of indentured laborers whose path moved from rural beginnings into the thick of political life, across the PPP, the PYO, the Indian Political Revolutionary Associates, and the WPA. That journey alone gives the book its force. It is the story of one man, yes, but it is also the story of a country trying to find itself.

The Making Of A Political Voice

What makes Bhagwan’s story compelling is not only the scope of his political involvement, but the continuity of his purpose.

He was there in the years when Guyana’s political divisions hardened, when ideals collided with power, and when the promise of independence had to be defended from disappointment and distortion. He moved through those years not as a passive observer, but as an active participant with convictions that clearly outlasted the momentary applause of politics.

The memoir, as described by the publisher, does not shy away from the country’s sharpest political ruptures. It engages the original split in the PPP, the rise of authoritarian rule, and the assassination of Walter Rodney — events that still shape Guyana’s political memory and public argument.

These are not ornamental details. They are the bones of the story. Bhagwan does not treat them like museum pieces;he reignite their flame

Personal History, A Public Record

One of the book’s most affecting threads is its attention to the human side of political life. The publisher notes the importance of Bhagwan’s wife, Samia, whose presence steadies the memoir through hardship, exile, and loss. That detail matters because it reminds readers that politics is never only about meetings, manifestos, and movements. It is also about the private endurance that allows public struggle to continue.

This gives the memoir a different texture. It is not a stiff account of offices held and statements issued. It is a living record, shaped by sacrifice, loyalty, and the long discipline of believing in something larger than oneself. Bhagwan’s life, as presented in the book, suggests that political conviction is most meaningful when it survives the storms that test it.

 Why The Book Stands Out

There is a reason Enter the Political Kingdom  deserves attention beyond the circles that already know Bhagwan’s name. It offers readers an insider’s view of Guyana’s political development from a man who helped shape it and carry it. For younger readers, it is a route into the past without the filter of simplification. For older readers, it is a reminder of what was fought for, what was lost, and what remains unresolved.

More than that, the memoir speaks to a larger need: the need to preserve memory before it is smoothed over by convenience. In a political culture where too much is forgotten too quickly, Bhagwan’s account stands as a deliberate act of remembrance. It insists that the struggles of the past still matter because they helped define the present.

A Book Worth Opening

Moses Bhagwan: Enter the Political Kingdom is not just a memoir.

It is a document of struggle, a portrait of political conviction, and a reminder that nationhood is built by people willing to stay in the fight.

It has the intimacy of personal memory and the breadth of public history, which is precisely why it belongs in the hands of readers who care about Guyana’s journey.

This is the kind of book that invites reflection, debate, and admiration. It is also the kind of book that asks to be read with attention. Moses Bhagwan has given us not only a life story, but a window into the making of a political age.

Available on Amazon – just click the link below :

https://a.co/d/0dM2Bkcd

SEEDS OF DECEIT

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THE 592 GUARDIAN

INDEPENDENT♦ ACCOUNTABILITY JOURNALISM ♦GTOWN  GUYANA 

EDITORIAL

SEEDS OF DECEIT:

How a $54 Billion Supplementary Bill

Exposes the Ali Administration’s Fiscal Fiction

Four months. That is all it took for Guyana’s largest-ever national budget to run dry — or so the Ali administration now asks us to believe. The President tours the Dominican Republic press circuit proclaiming Guyana the region’s anchor of fiscal responsibility, even as his government returns, hat in hand, with a $54 billion supplementary request so vague in its particulars that it raises a question far graver than incompetence: is this the oil-funded war chest for the Local Government Elections?

THE EDITORS  •  592 GUARDIAN  •   JUNE 2026

I.THE IMPLAUSIBILITY IS THE MESSAGE

On 26 January 2026, the National Assembly passed a record-breaking national budget. The Ali administration marketed it as a monument to transformational governance — the material proof that oil wealth was being translated into generational uplift. The numbers were staggering. The rhetoric was soaring. President Ali spoke of planting ‘forests of opportunity that will shelter generations to come.’ The international press was invited to witness Guyana’s arrival as a serious fiscal actor.

By May 2026 — roughly sixteen weeks later — the same administration had returned to the National Assembly with a supplementary appropriation bill seeking more than $54 billion in additional spending authority.

Let that sink in.

In the time it takes a secondary school student to complete a single term, Guyana’s government exhausted whatever buffer it had built into a historic spending plan. And not by a small margin. Fifty-four billion dollars is not a rounding error. It is not an emergency provision for a natural disaster or a regional economic shock. It is a sum that demands a full accounting — of what was miscalculated, what was deliberately omitted from the original budget, and what new priorities have emerged that are so urgent they cannot wait for the next fiscal cycle.

Instead, the nation has received vagueness. Generalities. Political boilerplate

II.THE COMPETENCE QUESTION CANNOT BE AVOIDED

There are two possible explanations for a government returning for a $54 billion supplementary appropriation within four months of passing its largest-ever budget. The first is incompetence. The second is dishonesty. Neither inspires confidence.

If the explanation is incompetence — if the Ministry of Finance and the administration’s technocrats genuinely failed to anticipate spending needs that materialized within a single quarter — then we are confronted with a profound indictment of the government’s planning capacity. Budget preparation in Guyana is not an ad hoc exercise. It involves months of ministry submissions, macroeconomic modelling, revenue projections, and Cabinet deliberation. The entire apparatus of the state is mobilized to produce the document that the government then presents to the nation as evidence of its stewardship.

If that document is wrong by $54 billion inside of sixteen weeks, one of the following must be true: the projections were wildly inaccurate; the assumptions underpinning the budget were known to be unrealistic when they were made; or the government is spending in areas it did not disclose to the National Assembly or the public. Any of these scenarios constitutes a failure of governance at the highest level.

President Ali presents himself internationally as the steward of a sophisticated oil economy, a leader who understands ‘deliberate diversification’ and ‘permanent transformation.’ His administration cannot simultaneously claim that competence while being unable to project spending needs four months into the future.

III. THE VAGUENESS IS NOT ACCIDENTAL

The opacity surrounding the supplementary bill is, this Editorial Board submits, the most damning feature of the entire exercise. In a functioning democracy, a supplementary appropriation of this scale would be accompanied by granular detail: which line items are being augmented and why; what original projections proved wrong; which projects are being accelerated; and which emergent obligations necessitate additional spending.

What Guyanese have received instead is the political equivalent of a blank cheque.

Vagueness in public finance is never neutral. It is a choice. Governments that are spending in the public interest invite scrutiny because scrutiny validates their claims. Governments that are spending for political purposes obscure details because exposure would reveal the true beneficiaries. The Ali administration’s refusal to provide itemized justifications for $54 billion in additional expenditure — in an election year — is not an administrative oversight. It is a red flag of the highest order.

The nation is owed specific answers to the following questions, and this Board demands they be answered on the floor of the National Assembly and in public written submissions to the Parliament’s Public Accounts Committee:

THE QUESTIONS THIS ADMINISTRATION MUST ANSWER

1.  Which specific budget lines are being supplemented, by how much, and why did original projections fail?

2.  What procurement processes, if any, will govern the expenditure of these additional funds?

3.  Are any of these funds earmarked for infrastructure projects in constituencies targeted in the upcoming Local Government Elections?

4.  Who authorzied the spending commitments that necessitated this request, and when were those commitments made?

5.  Has the Ministry of Finance revised its full-year revenue and expenditure projections in light of this shortfall?

6.  What is the draw-down status of the Natural Resource Fund, and what disbursement approvals have been made since 1 January 2026?

IV.THE ELECTION HYPOTHESIS

The 592 Guardian does not make accusations lightly. We are, however, compelled by the available evidence to state what many Guyanese are already saying in their homes, on their minibuses, and on social media: this supplementary bill has the appearance — and the timing — of an electoral financing vehicle.

The Local Government Elections are approaching. The Ali administration is acutely aware of the legitimacy it derives from constituency-level victories. The pattern of large, vaguely justified expenditure coinciding with electoral cycles is not novel in Guyanese political history — and it has not been unique to any single party. What is novel is the scale. Fifty-four billion dollars in supplementary spending authority, sought from a compliant National Assembly majority, with minimal public itemization, in the months before a national vote, represents a qualitatively new threshold of fiscal-political risk.

The government will, predictably, deny this. It will cite development imperatives, emergent capital needs, and the accelerating pace of transformation. It will point to visible projects — roads, hospitals, solar installations — as evidence that the money is going where it should. It will accuse critics of playing politics.

But accusations do not require guilt — they require accountability. And accountability requires transparency. Show us the line items. Show us the procurement records. Show us the disbursement schedule. If the spending is legitimate, the documentation will vindicate the government. If it is not, the Guyanese people deserve to know before they cast their votes, not after.

V.THE FORTRESS AND THE FICTION

President Ali told the Dominican Republic’s energy press that the Natural Resource Fund is Guyana’s ‘fortress of fiscal responsibility.’ It is a fine phrase. It is the kind of language that sounds authoritative in a glossy magazine feature or an investor roadshow. But a fortress that requires a $54 billion emergency drawdown four months into the fiscal year is not a fortress. It is a façade.

The President speaks internationally of ‘deliberate diversification’ and ‘long-term transformation.’ He invokes future generations. He promises forests of opportunity. But one cannot credibly plan for future generations while demonstrating an inability to project spending needs over a single fiscal quarter. These two positions — visionary stewardship of intergenerational wealth and chaotic, opaque supplementary demands — are irreconcilable. The international audience hearing the inspiring version of this story deserves to know the domestic reality.

Guyana’s oil wealth is real. The developmental opportunity it represents is real. The damage that fiscal recklessness, elite capture, and political manipulation of that wealth can inflict is equally real. The resource curse that President Ali so confidently claims to be defying is not conjured by pessimists — it is documented, in granular detail, in the economic histories of Nigeria, Angola, Venezuela, and a dozen other states where the rhetoric of transformation preceded decades of squandered potential.

The antidote to that curse is not confident rhetoric. It is institutional transparency, robust parliamentary oversight, independent auditing, and a media and civil society willing to ask uncomfortable questions even when — especially when — the government’s international image is riding high.

VI.OUR DEMAND

The 592 Guardian calls on the National Assembly’s Opposition to refuse passage of this supplementary appropriation until the government tables a fully itemized breakdown of every line item, the originating ministry, the contractual basis for each expenditure, and the specific projects or programs to be funded.

We call on the Auditor General’s office to immediately flag this request for priority review and to publish a preliminary assessment of its consistency with the fiscal rules governing Natural Resource Fund disbursements.

We call on civil society organizations, the Private Sector Commission, and the academic community to add their voices to the demand for transparency. The silence of institutions in the face of fiscal opacity is itself a form of complicity.

And we call on every Guyanese citizen to remember, when they go to vote in the Local Government Elections, that a government which cannot explain where $54 billion went in sixteen weeks is not a government that has earned the right to speak of ‘forests of opportunity for generations to come.’

The seeds being planted today may indeed shelter generations — but they will be the wrong generation’s forest.

This editorial represents the independent position of The 592 Guardian Editorial Board. The 592 Guardian is an independent accountability publication committed to social justice journalism in Guyana and the wider Caribbean region.

© 2026 The 592 Guardian  •  All rights reserved

Guyana’s Uranium Gamble

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THE 592 GUARDIAN♦RESOURCE ACCOUNTABILITY♦ JUNE 2026

Guyana’s Uranium Gamble: Strategic Resource, Weak Safeguards

The announcement that Canadian junior explorer U92 Energy Corp. has acquired a decade’s worth of technical data for the Kurupung uranium project should not be treated as routine mining news. It is, in fact, a development that exposes a glaring policy vacuum, raises serious regulatory questions, and signals that Guyana may be drifting into a strategically sensitive sector without the institutional readiness to manage it.

Uranium is not gold, nor is it bauxite. It is a strategic mineral tied directly to nuclear energy and global security frameworks.

 Countries that permit uranium exploration and production do so under strict legislative regimes, layered oversight, and international safeguards aligned with institutions such as the International Atomic Energy Agency (IAEA). Guyana, by contrast, appears to be approaching uranium under the same legal and administrative architecture used for conventional minerals. This approach is, at best, outdated, and at worst, dangerously insufficient.

At the center of this issue is U92’s acquisition of a comprehensive historical dataset underpinning a 20.6 million-pound uranium resource estimate. The dataset—comprising geological mapping, drill records, assay results, geophysical surveys, and metallurgical analyses—represents the intellectual and technical foundation of the project. Control of this data is not incidental; it determines how the resource is valued, developed, and ultimately monetized.

Yet this critical asset was secured through a CA$500,000 transaction settled entirely in shares.

 

This raises immediate red flags. Share-based transactions of this nature often obscure true valuation and bypass the financial transparency that accompanies cash deals. They can signal limited liquidity on the part of the acquiring company, while simultaneously transferring significant value through speculative equity instruments. In practical terms, a decade of strategic geological intelligence has now changed hands without a clear indication of its real market worth.

More troubling, however, is the layered corporate structure through which control of this uranium project has been assembled. U92, a Canadian entity, acquired a Singaporean company—LIA Industries—which in turn controls a Guyanese subsidiary holding the prospecting licenses. Now, through a separate agreement, U92 consolidates ownership of the project’s technical data.

This multi-jurisdictional arrangement complicates oversight and raises legitimate questions about beneficial ownership, regulatory scrutiny, and accountability.

 It is precisely the type of structure that demands heightened due diligence from state agencies, particularly when the underlying asset involves a mineral of strategic importance.

There is no public indication that such scrutiny has been applied.

Equally concerning is the apparent absence of a national uranium policy. Guyana has not articulated how it intends to regulate uranium exploration, manage its environmental risks, or comply with international nuclear material safeguards. There is no evidence of a dedicated legal framework governing the handling, storage, transport, or export of radioactive materials. Nor is there clarity on whether existing institutions possess the technical capacity to oversee such a sector.

Instead, what is unfolding suggests that Guyana is allowing a foreign junior explorer—whose primary asset is speculative capital—to establish early control over both the physical resource and the data that defines it.

The timeline adds further pressure. The prospecting licenses issued for the Kurupung property expire in April 2027, with possible extensions to 2029. This creates an inherent incentive to accelerate drilling and resource validation, potentially outpacing environmental oversight and regulatory preparedness. Already, a 5,000-metre diamond drilling program is being mobilized, with infrastructure development underway.

The pace of activity stands in stark contrast to the silence on policy.

This is not an argument against resource development. It is an argument for coherence, transparency, and strategic awareness

 Countries such as Canada and Australia permit uranium mining, but only within robust regulatory systems that integrate environmental protection, national security considerations, and international compliance obligations. Others, including Kazakhstan and Namibia, maintain strong state involvement in uranium projects to ensure national interests are preserved.

Guyana, on the other hand, appears to be entering this sector without a declared framework, while permitting complex offshore ownership structures and opaque transactions to define its trajectory.

This raises unavoidable questions.

What due diligence was conducted on U92 Energy Corp. and its affiliated entities? Did the Government of Guyana assess the implications of transferring control of a decade’s worth of uranium exploration data through a share-based transaction? Is there a national policy governing uranium exploration and potential production? Are Guyana’s laws aligned with international nuclear safeguards and export control regimes? And critically, who is ultimately accountable for ensuring that this sector develops in a manner consistent with national security and environmental protection?

These are not abstract concerns. They go to the heart of sovereignty, governance, and long-term national interest.

Guyana cannot afford to treat uranium as just another line item in its extractive portfolio. The decisions being made now—quietly, and with limited public scrutiny—will shape not only the future of this resource, but also the country’s credibility in managing strategically sensitive industries.

If there is a policy, it must be stated. If there are safeguards, they must be demonstrated. And if there is oversight, it must be visible

Anything less would suggest that Guyana is not managing its uranium potential—but surrendering it.