Guyana: Recent Economic Developments

July 19, 1999

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Guyana: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed November 21, 2024

Summary

This paper focuses on economic developments in Guyana during the 1990s. By 1991, economic performance had turned around in response to the shift in economic policies and the improved incentive framework. Following sizable reductions in 1989–90, real GDP grew by about 7 percent a year in 1991 and 1992, mainly owing to a recovery of export-related production and new foreign investments in the bauxite, gold, and forestry sectors. By 1992, inflation had declined markedly; the fiscal and external deficits were reduced substantially; and private and official capital inflows had risen significantly.

Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Economic sectors, Exports, Financial institutions, International trade, Public sector, Treasury bills and bonds

Keywords: Agricultural commodities, Capital goods, Caribbean, Commercial banks, Company, CR, Deficit, Economic system, Exports, Factor cost, Guyana, ISCR, Liquid asset, Monetary management, Price, Public sector, Special deposit, Time deposit, Treasury bills and bonds

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/052
Stock No:

1GUYEA0011999
ISBN:

9781451816730
ISSN:

1934-7685

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