This is ‘Guyana’s time’ proclaims minister

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A number of factors are combining to add up to a bright future for the economy of Guyana, according to one of the country’s leading political figures.

Irfaan Ali, the minister for housing and water, has been hailing the prosperous future he sees for the country, suggesting “We are on the road of great opportunities and potential in Guyana.”

2005 was a disastrous year for Guyana generally, but particularly for the economy, as major floods hit the country hard.

Since then though, they have grown steadily. The economy has grown at an average of 4% in that time and inflation rates have been reduced.

“We have spent much of the last decade rebuilding the institutions in Guyana, the democratic institutions, confidence in the democratic processes and the democratic system.

Guyana has it, to where it can really move forward now.......it is really and truly Guyana’s time. The rest of the Caribbean had its moment of glory and now Guyana is very much poised to jump off,” proclaimed Ali.

Although Ali’s statements seem high on theatrics, that does not mean they are short on substance as well.

For a country of Guyana’s size, history tells us that if the democratic processes in place are working well then the economy will subsequently benefit and hopefully prosper. Should their immediate future live up to Ali’s hype, they will be a model for small countries around the world to follow.

Transfer Money to Guyana

If you are looking to invest in Guyana, think carefully about how you will be transferring money to Guyana. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Guyana – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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This is ‘Guyana’s time’ proclaims minister

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