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Dr Roger LuncheonHead of the Presidential Secretariat, Dr. Roger Luncheon, has noted that the Administration continues to monitor the latest developments in the global financial crisis, and the impact that it is likely to have on Guyana.At his post Cabinet media briefing, held on Friday last at the Office of the President, Dr. Luncheon said that the Government has taken note of the ongoing efforts by various governments and international financial institutions to support financial markets, provide ease and liquidity in the monetary system, and encourage financial stimuli. He explained that the impact of the crisis has revealed itself, as there are now decreases in commodity prices, a loss of confidence by investors,Wholesale Jerseys From China, and overall depressed economic activity worldwide.Dr. Luncheon added that the impact on Guyana will see remissions and the possibility that falling commodity prices for Guyana’s exports would significantly affect foreign earnings.“However,Cheap NBA Jerseys Authentic, Cabinet will continue its close observations of these trends, with the expectation that the likely period of turmoil would not be a short one,” Dr. Luncheon said.Only recently, Chairman of Banks DIH Ltd, Clifford Reis, had said that his company has no intention of laying off any of its employees,Cheap NFL Jerseys, while noting the impact that the financial crisis is having on similar entities in some countries.The company has signed a three-year agreement with the General Workers Union (GWU), which will see workers getting a six-and-a-half percent increase in their salaries, along with job security.On Saturday,wholesale jerseys, head of the World Bank, Robert Zoellick, had noted that the global financial crisis threatens to radically drive up the number of poor people around the world, unless countries work together to control the contagion. He urged for the financial crisis not to be allowed to become a human crisis, as he noted that all countries are moving into a danger zone – a zone where frozen credit is preventing global trade,Cheap Jerseys USA, hurting countries’ balance of payments, and slowing down remittances from foreign countries that many families in developing countries depend on to make ends meet.He explained that G20 countries are increasingly looking to fiscal policy and government stimulus as a key way to fix the global financial crisis and prevent it from undermining the global economy, but he pointed out that stimulus packages can work for the United States, China and European economies, but not all emerging markets are in a position to afford big spending, since it may provoke inflation.G20 countries are also becoming more worried about the “second order effects” of the financial crisis,Wholesale China Jerseys, he said.