Policy uncertainty and ambivalence by the APNU+AFC government towards domestic investors has contributed to the depreciation of the local currency and a slide in Foreign Domestic Investment (FDI) last year is also another a sign that the administration is on the wrong track, according to economist Tarron Khemraj.
In a six-part series for Stabroek News on recent events in the foreign exchange market, Khemraj argues that the factors besetting the foreign exchange regime extend all the way back to the 2011 PPP/C administration when there was political gridlock but he added that the current APNU+AFC administration must take some responsibility for a decline in investor confidence and its follow through on the value of the local dollar.
