Understanding Guyana’s Public Debt (Part II)

The Amaila Falls Project continues to dominate the newspaper headlines as well as the letter writers’ columns, not to mention the interesting comments and views of bloggers. The high cost of the project remains a key burning and controversial issue that is kept alive as a result of more piecemeal disclosures emanating from leaked information from what the authorities claim to be confidential documents. This is despite the fact that the investor, Sithe Global, has decided to be no longer associated with the project because of a lack of consensus at the parliamentary level.

Concerns also continue to be expressed about the implications for the public debt as a result of the National Assembly’s approval of the raising of the ceiling for Government guarantees from $1 billion to $50 billion. Today, we continue our discussion of the