Part 1
Problems of measurement
For my remaining columns commemorating the Third World Debt Crisis (TWDC) I shall focus the discussion on Guyana’s public debt situation since 2006. Despite its appearance, this decision is not based primarily on the consideration that this covers a convenient recent period for discussion. Instead it is due principally to the fact (which I have drawn attention to on several previous occasions in these columns) that analyses of Guyana’s macroeconomic performance will fall into grave error if the GDP measures prior to 2006 are used in the same time series analysis with GDP values after 2006.
To explain: As I have indicated earlier, debt burden is measured by the total
