Guyana: Recent Economic Developments and Selected Issues

International Monetary Fund

No 1996/123, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper describes economic developments in Guyana during the 1990s. Real GDP recovered with an average growth rate of 7½ percent a year during 1991–94 as economic activity responded to a shift in economic policies. Renewed confidence led to increased investment—particularly increased foreign direct investment in the bauxite, gold, and forestry industries. Also, structural reforms—including the engagement of private management—led to increases in sugar and rice production, the main agricultural products. Expansion in light manufacturing, distribution, and financial services contributed importantly to the overall growth during the period.

Keywords: ISCR; CR; U.S. dollar; private sector; banking system; balance of payments; foreign exchange; central bank; bank rate; Public sector; Commercial banks; Agricultural commodities; Caribbean (search for similar items in EconPapers)
Pages: 81
Date: 1996-12-03
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=1731 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/123

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().