-in New Year’s address
GUYANA is now on a solid platform and is primed for a second wave of reforms, according to President Donald Ramotar.
Delivering his New Year’s address to the nation, the Guyanese Head of State pointed to the growth rate which the economy achieved for the sixth consecutive year despite the well known challenges in the international climate.
“Our main trading partners in Europe and North America are experiencing serious financial and economic problems. The difficulties have impacted heavily on our Region with many countries facing serious economic problems. In spite of this adverse international environment, Guyana has done well,” President Ramotar said.
This achievement was credited by the President to a resilient economy which he said has been progressively fortified over the past two decades by the prudent economic policies pursued by successive PPP/C administrations.
The Guyanese economy was hailed in an International Monetary Fund (IMF) country report for demonstrating resilience and recording a fifth consecutive year of robust growth for 2010, even in the face of external and domestic shocks.
Additionally, the 2011 mid-year report was presented to the National Assembly showing a 5.9 percent growth rate in the economy that was described as an ‘enviable’ figure anywhere in the world.
The Government attributed such achievements to a low fiscal deficit and debt, strong external reserves, stability in the exchange rate,  low interest rates and containment of inflation to single digits.
“All Guyana should be proud of the health of our economy and the impressive strides our country has made. The sustained economic growth has ensured continued improvements in the social services in our country,” President Ramotar said.
He turned his attention to the social sector, noting that more of the country’s children are enjoying better access to improving educational facilities and are acquiring life skills, while quality health care and specialised treatment are expanding and more Guyanese today have access to potable water than ever before.
“Our young people continue to benefit from opportunities to prepare them for today’s challenges and tomorrow’s possibilities; our workers’ are benefiting from improved remuneration; and the elderly and vulnerable Guyanese are receiving enhanced support and attention. Notably too, the agriculture, mining, construction and service sectors as well as other emerging sectors are all expanding,” President Ramotar said.
The year was one in which Guyanese went to the polls at the general and regional elections. President Ramotar described the process as a renewal of democracy and another step in the consolidation and entrenchment of democratic norms in our national life.
The PPP/C captured 48.6 percent of the votes and secured 32 seats in the National Assembly, while the opposition parties combined won the majority 33 seats.
“It has created a new political situation in the country. We can see this as an opportunity to work together to take this country forward in achieving national unity, security and social and economic prosperity,” President Ramotar said.
Since taking office, the President has been in consultation with the opposition in keeping with his promise, but believes that its success will depend on genuine cooperation on important issues instead of striking deals or ganging-up against one partner.