Reply to "IMF Report on Guyana April 2016"

Former Member

Billy Ram Balgobin posted:

The economy of Guyana and its citizens' living standard consistently improved during those 23 years of governance under the PPP.

Thanks to Hoyte's reforms, recovery of rice under Jagan, and the debt write off of the PNC debt. Nothing to do with Jagdeo.

Nothing of note happened after 2000 and the economy in fact stagnated (except for retail and real estate which benefitted heavily from remittances) until 2007 when higher gold prices led to a resumption of growth.

Gold prices are beyond the control of Guyana and so Guyana then remains vulnerable to commodity price volatility.

Under the PPP there was also growing income inequality.

The IMF confirms that the APNU/AFC have NOT engaged in the wanton destruction that the PPP screams about.

9/12/163:02 PM

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