It is true in a country like Guyana people are concerned with the daily struggles of life. Students are looking for meaningful employment; yet others are concerned with putting nutritious food on the table. Alcohol is not the only substance abused in the villages anymore; these days villagers have to contend with the cocktail of alcohol and cocaine. This often leads to the abuse of children and other family members. These day to day matters of life may tend to cause political leaders to ignore the overall macro economy. Some may say we all live individual lives; that the macro doesn’t really matter.
Macroeconomic stability means that the economy has minimized its exposure to various kinds of shocks. In a small economy like Guyana or those in the Caribbean it often means a predictable rate of inflation and a stable exchange rate. Obtaining this stability is often easier said than done. However, it is much easier to achieve a stable exchange rate and inflation if the country has a manageable fiscal deficit, low foreign debt-to-GDP ratio, low foreign debt service ratio and sufficient foreign exchange reserves. Stability can also be
