DID THE PNC/AFC SCREWED UP WHEN THE FINANCE MINISTER SAYS THAT "GUYANA IS BANKRUPT"
Jagdeo said the recent declarations by the Finance Minister, which claimed that Guyana is bankrupt, could do severe harm to the economy as it will deter investments from investing in Guyana.
βLet me tell you, do not underestimate what that signals, when you say something like that what it means to the rest of the world. If investors hear you are bankrupted as a country, they will start thinking well the Government will raise taxes, if the insurance companies will start pushing the premium up, the cost of loans and interest rates go up. One little statement of that nature can make a huge difference and this country is not bankrupted by any stretch of the imagination,β