Chairman of the Private Sector Commission (PSC) Eddie Boyer is optimistic that the stabilising of the foreign exchange market will also lead to an increase in imports.
Boyer told Stabroek News that the Guyana Shipping Association had recorded a 12% decrease in container traffic for the first quarter of 2017, compared with the same period in 2016. He credited the low availability of foreign exchange during this period as being partially responsible for the decline.
Also responsible, he noted, was a lack of government spending, which saw some contractors unable to import at previous levels.
