The debt trend in Guyana needs to be reversed, Director of Economics at the Caribbean Development Bank (CDB), Dr Justin Ram says.
“It is particularly important that countries bring their level of indebtedness within sustainable levels since if this is not achieved, debt will be a drag on growth in the future and will have a negative impact on the daily lives and well-being of the ordinary citizens,” he said at the CDB’s annual press conference in Barbados yesterday. Ram and President of the CDB Dr Warren Smith reviewed the bank’s performance and that of its borrowing member countries as well as the outlook for 2015.
According to Ram, Jamaica, Grenada and St. Kitts and Nevis saw improvements in their debt levels while the levels of indebtedness and
