The international reserve position will weakened alongside mounting public debt.

Why is the PPP continuing to borrow so much?

A depreciating currency coupled with black listing by FATF for not having full compliance against anti money laundering will weaken private sector activities. - causing them to pay less taxes as a result of less profits.

Economic growth is expected to slow in 2014 and get worst in 2015.

Wake up Ramutar, wake up.

every project they try to do is on borrow money,you looking at a broke government without a plan

may sound smart but that is all it is. I am not sure anyone on the planet can predict the market...I have been investing since I was a teenager...so over 20 yrs and still cannot predict it.

I would say if you are that confident, invest based on it and retire....

Kishan bai:

* What's all that fancy talk ? I guess you are trying to "pull a Tyrone Khemraj"---in other words you are trying to sound smart.

* Listen!---read this and don't forget it:

* THE MORE YOU KNOW--THE MORE YOU KNOW YOU DON'T KNOW.

* Don't forget that kishan---no need to say thanks to the Rev.

Rev

Commodities on a mid term basis trade on fundamentals.  Rice harvest fails, prices increase. 

Guyana gold production was based on $1800, and now prices are much lower.  Production costs are high and productivity declining as the more accessible fields are mined out.  It really doesn't matter whether the price is $1200 or $1300.  Its way below what people projected that it would have been.  If any one speculates that prices wil increase significantly then they might get burnt.

The PPP screamed about their "excellent" economic policy.  This was based on debt write-off and funding through concessional loans that Guyana still qualifies for. Only Guyana and Haiti are in this category within CARICOM.

The economy did well after 2008 because commodity prices boomed.  The PPP boasted about this.  Rice production has ballooned, but no attention has been [placed on Guyana's production costs and finding markets.  Rice farmers now have problems.

Sugar.  Our production costs are way above market and even projected productivity gains will not reduce costs to levels needed to be competitive.  Guysuco is in serious trouble.

Guyana still has the SAME economy that it had 70 years ago, just a different ordering of these commodities.  Rather than engaging in structural change the PPP mounts mammoth white elephant projects, NONE of which have met expectations.

So what will Guyana's near term future be.  NOT GOOD, and the low morale of the population is indicative of the weakness of the economy as pay is low and jobs scarce.

There is one thing I know for sure; the markets are not predictable. If it were that easy a whole lot of people would be in the one percent category. 

Globalization. Travel around the world and you will see an elitist (ruling) class system everywhere; even in countries where GDP is high like China; there are  still over 700,000,000 poor people.  The divide is huge and getting wider all the time and Gy is no different. Is this a deliberate strategy by multinational corporations? I do not know and there probably is no proof, but it is spreading everywhere. Do I want to be in the elitist class and stay there? Yes, but for me that is an unrealistic goal; I will settle for financial one percenter and not a member of the elitist class. I do not know how many of the one percenters are in the elitist category but it cannot be more than 20% of the one percent.

The elitist in Gy may be a purely Guyanese creation but do not expect a change, regardless of who in is power. Perhaps foreign governments do not want to get involved for whatever reasons, however, expect to see Gy more and more in debt because it is the easiest way for the elitist class to grow their wealth.

On a personal level I live in the real world and want to be in, and stay in, the financial one percent class, but I do know that I will never be a member of the ruling class anywhere. I would like to be but for me that is an unrealistic goal. 

I take more a world view because it is easier for me on account of my limited knowledge of specific local economies and thinking corporate world simplifies my investments.

Guyana has to stay focused on diversifying its economy.  Taking an example from Grenada.

* They are trying a thing with TOURISM.

* By the way, read more about the "2014 GUYANA FESTIVAL" in social.

Click here:

https://guyana.crowdstack.io/forum/social-club-1

Rev

Business slowing in Guyana. Mr Jagdeo try to kill we business. 

The epitome of a useless reply. Totally not addressing the posts.

kARI YOU EXPECT anything better from Rev.  The man head full of sh!t.

* Looks like kishan peeved Rev told him he was trying to sound smart, so he sent his alter ego Brian Teekah to respond.lol

Rev

Rev, answer the questions.  Is the debt climbing???

Me aint no finance man but I googled high fiscal and current account deficits and I know that to be the PPP spending more than it earning and it getting worst and the gap getting bigger.

Answer than Rev and stop being anti-man and dancing around the core issues?

Alter ego my azz, never met Kishan B but want to, when I come to the USA if I get a visa.

kishan:

* Of course the debt is climbing. But it is manageable. It's definitely not excessive.

* An increase in external debt is to be expected in a growing economy like Guyana's.

CHECK THIS:

* Guyana's external debt has had a positive growth rate of 64.5% in the last 10 years.

 

* At the same time Guyana's GDP per capita has had a positive growth rate of 97.3% in the past 10 years.

BOTTOM LINE:

* A national debt that is not excessive and one that is growing at a lower rate than the GDP is acceptable.

Rev

what is the starting base?  $$$.  What is the $$$ changes.

* GOOGLE! You'll find the answers.

* Anyway, have kishan return to the thread he started.

Rev

You are a lazy fricking azz.  It is you who throw the figures out.  When I poke a hole in your figure, you melt like ice cream in the sun.

That is a good idea to attract people from neighboring countries.  Too bad it wasn't promoted properly.

Any way, forget about Guyana and tourism. G/twn is a garbage dump and this is where the PPP builds the Marriott.  In the mean times the interior is about roads with holes big enough to swallow an entire bus, with bandits roaming for prey.  Given that tourist are mainly interested in Guyana, why then will they visit? To stay on a Marriott balcony and get a smell of bouquet Guyana, AKA as smelly drains, this while they swat mosquitoes and worry about chikungunya.

A significant portion of the debt is raised from local financial institutions.  So when revenues collapse as gold miners are forced to sell their gold thru Brazil because the PPP is shooting them at Mahdia and Linden, you will write a check to salvage the banks.

That emoticon passes for serious intellectual response to a totally useless reply to an earlier question. Baseman wants to show off his intellect.