Making sense of the depreciation of Guyana dollar: The Jagdeo shock?

Mr Jagdeo has been blamed recently by government officials and supporters alike for instigating a capital strike. The argument goes that Mr Jagdeo has immense powers in the private sector such that his business associates and friends have curtailed their investment since the new government came into power in 2015. No doubt the former President has many friends among the investor class. He spent years moulding his new private sector that sometimes crowded out parts of the older one.  Indeed, these columns and my academic research have labelled his regime as an elected oligarchy.

This is not meant to diminish his economic accomplishments. There were. But these have to be seen within a broader picture of human development. I will certainly address Jagdeoian