Guyana: Recent Economic Developments and Selected Issues

December 3, 1996

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Guyana: Recent Economic Developments and Selected Issues, (USA: International Monetary Fund, 1996) accessed December 12, 2024

Summary

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.

Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Economic sectors, External debt, Financial institutions, Foreign exchange, Public sector

Keywords: Agricultural commodities, Balance of payments, Bank rate, Banking system, Caribbean, Central bank, Commercial banks, CR, Foreign exchange, ISCR, Private sector, Public sector, U.S. dollar

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/123
Stock No:

1GUYEA0011996
ISBN:

9781451816716
ISSN:

1934-7685

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