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Reply to "China lift 700M out of poverty, Guyana can’t lift 700,000"

Drugb posted:
Bibi Haniffa posted:
Correct.  The economy must be diversified.  Inflation is a big worry.  Right now Guyana central bank is buying currency from commercial banks to keep the economy afloat.  There is a serious decline in foreign exchange as a result of the depletion from revenue coming in from sugar.  It’s one of the reasons the PPP subsidized the sugar industry.  It was a much needed source of foreign exchange.  

What really happened to make investors flee after Granger took over?  I saw lots of building construction halted half finished all over GT.  

Lost of confidence in the Coalition especially since they gave themselves large salary increases even before they started doing any work.

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