Here is the one with all the numbers.

 

 

Thanks!  At least the image shows up.  I am going to try to PDF it tomorrow so everyone can open it up because some people might not have an excel viewer.  I wonder what drove the decline in the debt from 2012 to 2013?  TK knows?

Looks like the debt was going down and then sky rocketed from 2007 to 2012. 

Here is the PDF.  Everyone should be able to open this.

 

 

Exactly!  The downward was due to the debt write-off.  The numbers are based on current US$

As a percentage of GDP the nation's debt was getting better from 1992. Look at the trend from 1970 and you will how badly the PNC managed the economy.

Growth, but yes, it did increase.

Yes, a good observation. It is the Debt/GNI and Debt/GDP ratios that are really important. They indicate a country's ability to service and manage the debt. certainly there are other indicators.

Beware of a return.

TK, what drove the reduction in 2013?  Do you know?

Drugs seizures, the drop in gold prices, and the foreign currency crisis.

Actually the percentage started to improve during the Hoyte years around 1991. Remember 1992 was essentially a Hoyte year.

To me it appears like a short-term deviation from upward trend. It could be reflecting the fact that the opposition blocked a few big ticket projects like the airport terminal expansion project that would have added to external debt. I personally don't feel Guyana's external debt is at crisis proportion. They have to borrow...but make sure it is generating GDP growth. Take for example the US$ loan for the Marriott from Republic Bank. If the Marriott negatively affects the hotel industry by pulling customers away, then it would not be contributing to overall economic growth. It would be crowding out instead of crowding in the hotel industry. External borrowing has to be about efficiency to generate economic growth. ..then you really don't have a problem.

       
       

Agreed.  Borrowing should produce higher returns to put you ahead.  I am not sure this is happening in Guyana.  If not for debt forgiveness we would be screwed.

You also need to look at TOTAL debt as the gov't was also borrowing from local lenders.  If gov't is unable to service its debt the impacts will be ruinous.