Guyana : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

July 19, 1999

Electronic Access:

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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.

Series:

Country Report No. 99/52

English

Publication Date:

July 19, 1999

ISBN/ISSN:

9781451816730/1934-7685

Stock No:

1GUYEA0011999

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

68

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