A better functioning market might be needed

General Agreement

Guyana began its return to a market economy in 1989 with the implementation of the “Economic Recovery Programme” (ERP) which was introduced by the Hoyte Administration.  Since that time, the Guyana economy, for the most part, has shown continuous signs of economic progress.  With an increasing reliance on, and experience with, the market, there is general agreement that the market has produced outcomes and efficiencies with which most Guyanese could be satisfied.  But crime and social problems abound.  Despite the implementation of a poverty reduction programme, the continued emergence of serious social problems linked to poverty, unemployment and the economy leaves many Guyanese wondering where things have gone wrong.  A filthy environment,