Django posted:Baseman posted:Django posted:Baseman posted:Report No. 10307-GUY
Guyana From Economic Recovery to Sustained Growth April 10, 1992.
World Bank Latin America and the Caribbean Region
This report is based on a World Bank economic mission which visited
Guyana in October-November,1991
Currency Equavalents
Average exchange rates prevailing during recent years, Guyanese dollars (G$) per US $1.00,period average:
1988 - $10.00
1989 - $27.16
1990 - $39.53
1991 - $111.80
December, 1991 -$122.00
External Accounts 1.14
The large external debt of Guyana, presently about $2.0 billion (end 1990), presents a continued burden on the recovery program. At current exchange rates, this represents a debt equal to about 6 times the total GDP (as of the end of 1991). Scheduled debt service in 1990 equaled 99 % of the exports of goods and non-factor services.
About one-quarter of the debt is owed to multilateral agencies, and therefore not subject to rescheduling. About half of the debt is owed to bilateral lenders, and only a relatively small portion is owed to private creditors, banks and supplies.
The projected debt payments for 1992 will amount to approximately 41 % of exports of goods and non-factor services.
This report calculated debt payments as percentage of exports and non-factor services.
Here link to report for more details. http://documents.worldbank.org...4/pdf/multi0page.pdf
So my information was correct! I thought you had contracting data!
The facts are in 1992 external debt was 700% GDP with servicing @ 96% of revenues.
The above what you said, you have increased debt by a couple million dollars.
Don't know how you arrived at 96 % of revenues for debt servicing,perhaps you can explain.
Guyana - GDP 1992 $0.37 billion
https://www.macrotrends.net/co...oss-domestic-product
Guyana-Export percentage of GDP 125.75
Bai, you own posting says in 1990 Scheduled Debt service accounted 99% of Export Goods and services! I believe when you add the sale of assets, you get 70~%!
Know when to quit!