Caribbean Report 15-06-1990

Abstract

Guyana’s Finance Minister announces a devaluation of the Guyana dollar by almost 40% and indicates that further devaluations may occur within the year. The devaluation was in light of the recent signing of the agreement with in IMF after two years of negotiations. Secondly, the leader of Guyana’s opposition People’s Progressive Party, Dr. Cheddi Jagan, has rejected the call from one of his political rivals, Eusi Kwayana of the Working People’s Alliance, to step down as a leader. Eusi Kwayana states that he is bowing out of politics to make way for the younger members of the party and suggests that other members of the political old guard follow his lead. Following the Financial News, three Surinamese Cabinet members are visiting French Guiana for talks with Ronnie Brunswick, leader of the Jungle Commando. The ministers are hoping to persuade Ronnie Brunswick to give up control of Moengo, the bauxite town under siege by the rebel group for almost two weeks. The next segment covers Stories of Caribbean interest appearing in the British press. The report concludes with claims by the British Commission of Racial Equality of widespread racism in Britain after twenty-five years since the introduction of the Race Relations Act.