Reply to "Marginalisation in Guyana is not a real issue"

quote:

Originally posted by albert:
Key Achievements in 2010

 The domestic economy achieved real growth of 3.6 percent, with non-sugar gross domestic expanding by 4.3 percent. This marks the fifth year of consecutive growth.

 Inflation contained to 4.5 percent.

 External Reserves increased to US$780 million, compared to US$277 million in 2006.

 External Debt has been reduced from 72 percent of GDP in 2006 to 47 percent in 2010.

 Fiscal Deficit reduced from 7.2 percent of GDP in 2006 to 4 percent in 2010.

 The first tranche of performance-based funds, approximately US$30 million was disbursed by Norway and deposited with the trustees into GRIF (Guyana REDD+ Investment Fund). This was one of the first payments for climate services received by a developing country and represents a new economic opportunity for our country.

 Gold declarations increased by 2.9 percent to 308,438 ounces

 Rice production amounted to 360,996 tonnes, representing 0.4 percent value added and the second highest output since rice production commenced.

 Construction industry grew by 10.8 percent.

 Information and Communication sector grew by 7 percent.

 Private Sector Credit grew at an average annual rate of more than 15 percent per annum over the past 4 years and amounted to $112.3 billion in 2010.