Badal, Nigel Hinds say forming party to lead Guyana out of economic underdevelopment

Renowned businessman Robert Badal says that he and his colleague Nigel Hinds decided to form their own political party because of “economic underdevelopment” in Guyana.

In a statement Saturday announcing the formation of ‘Change Guyana’, Badal – who is the owner of the Pegasus Hotel and Guyana Stockfeeds Limited, said “The biggest challenge facing Guyana is undoubtedly its economic woes caused by decades of leadership which have been unable to competently layout a vision and strategy to make Guyana a rich and productive nation and fulfill the aspiration of its citizens.:

He noted that Guyana remains among the poorest in the region in terms of per capita income but with his and Hinds’ “decades of successful experience in building billion dollar businesses”, Change Guyana will produce an economy “and society were families can live, work and enjoy.”

“We remain stuck in time while other neighboring countries continue to accelerate.  Successive administrations, since independence, have failed to address the challenges of the day and provide the opportunities for growth and economic upliftment of Guyanese which has triggered spiraling crime, domestic violence, mass migration and utter hopelessness among our youths.”

Hinds is the head of Nigel Hinds Financial Services.

Badal and Hinds are promising a “lean, clean, open, transparent and accountable Government. Our focus, and that of our team, will be on the economic development of Guyana and its people through harnessing the entrepreneurial energies of the private sector and the guardianship of civil society which would results in opportunities for all.”

Prior to the formation of ‘Change Guyana’, Badal was an avid supporter of coalition party the Alliance For Change (AFC).

The new party’s launch is set for October 29, 2019, at a location to be announced.

See full statement below: