Macroeconomic Forecast Guyana

BMI View: The Guyanese monetary authorities have managed to maintain the Guyanese dollar's tightly-managed trading range against the US dollar since the start of the year, and we see little risk of this changing for the duration of 2010. Reserves stood at a relatively healthy US$582mn in April, according to recent central bank data, a sign of the economy's improving balance of payments in 2010, and although we expect the external climate to turn rough again in H210, the authorities will have ample ammunition to maintain the currency's trading range should they choose to.

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