Guyana’s gross domestic product (GDP) is likely to record a growth rate of four percent for 2012 as projected by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
The country’s ability to manage the economy and continue expanding the monetary base in the midst of an economic crisis that gripped the world, is regarded an impressive achievement by President Donald Ramotar.
Reputable organisations like the International Monetary Fund, the Caribbean Development Bank (CDB) and ECLAC have been giving Guyana thumbs up for its performances.
This, the People’s Progressive Party Civic (PPP/C) credited to its prudent management and respect for the economic fundamentals since 1992.
The country’s social sectors continued to benefit from a great deal of the country’s budget in 2012, particularly education where universal access has reached 100 percent at the primary level.