Macroeconomic Forecast Guyana

The government of Japan has made a grant of US4.5mn to Guyana to support the government's promotion of economic structural adjustment efforts, through the signing of an Exchange of Notes for the implementation of another Japanese Non-Project Grant Aid. With specific focus on dealing with the problems of climate change grant will also be utilised for the importation of natural resources, raw materials and other products. Not only will this project help improve Guyana's current account deficit to our forecast of around 12% of GDP in 2008, proceeds from the resale of these imports will be sequestered in a 'Counterpart Fund', to finance climate change initiatives and mitigate related economic costs.

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