Word: barama
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Dates: during 1994-1994
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...victim of years of Marxist economics, is poorer than any other Latin American nation except Haiti and is staggering under a $2 billion foreign debt load, an amount 10 times its gross domestic product. In 1991 the government of President Desmond Hoyte granted a Malaysian-Korean joint venture called Barama Co. Ltd. the rights to log 4.2 million acres in the country's northwest. When voters elected former Marxist Cheddi Jagan as President in 1992, Guyanese conservationists urged him to revoke that concession; instead Jagan toured Southeast Asia at Barama's expense, and his government is considering bids that would...
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