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Guyana Is Leaving Millions On The Table With Exxon While It Searches For A Company To Salvage The MV Barima
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Dominican Republic Post – Caribbean News, Business, Travel & Culture
In its Staff Concluding Statement released Friday, the IMF urged Guyana to resolve both disputes “in a timely manner,” including through arbitration where necessary, citing “important fiscal and governance implications.”
“The Government has finally buckled under the pressure of the people,” he said.
But Mohamed also flagged what the August 14 deadline actually means: it is only the deadline for companies to submit proposals, not for the salvage itself to begin.
At that pace, he warned, the vessel may not actually be recovered until sometime in September, nearly two months after it went down.
NewsAmericasNow will continue tracking both the salvage operation and Guyana’s response to the IMF’s findings.