Granger, Stabroek News conveniently ignore Guyana’s GNI increases since 1992 contained in World Bank report
APNU's leader David Granger's attempt to use a section of the latest World Development Report compiled by the World Bank for political propaganda by contextualizing Guyana's Gross National Income (GNI) comparatively. In taking a cue from the Stabroek News Granger is ignoring the fact that the other CARICOM countries, with the exception of Haiti, did not have to grapple with years of politically instigated unrest and an obstructionist opposition which is hell bent on making the country under the rule of the PPP/C ungovernable.
Both Granger and opposition mouth-piece Stabroek News in their attempts to mislead omitted the fact that the report highlighted the steady increase of Guyana's GNI since 1992 when the PPP/C inherited a bankrupt country. Here's a look at what the World Bank says:
2004 - $2120
2005 -$2430
2006- $2600
2007- $2580
2008-$2700
2009-$2790
2010-$2970
2011-$3140
2012-$3340
2013-$3410
Another fact which Granger conveniently omits is that in 1991 during the last years of People's National Congress (PNC) rule our GNI stood at $484 which was the lowest it had ever been during the previous 21 years. And though opportunistically holding on to that aspect of the latest WB report Granger and his colleagues poured scorn on the findings of the International Monetary Fund (IMF), whose Executive Board in conclusion of an Article IV consultation1 with Guyana recently lauded the country's economic progression under PPP/C rule. The economy has experienced seven years of uninterrupted growth averaging about 4 percent annually and this is so despite the best efforts of Granger's party and its satellites to stymie development.