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    Home»Featured»From Bankruptcy to Resilience (6 Days to Election)
    Featured

    From Bankruptcy to Resilience (6 Days to Election)

    Joel BhagwandinBy Joel BhagwandinNo Comments2 Mins Read4,551 Views
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    Joel Bhagwandin
    Joel Bhagwandin
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    โœจ Under PPP/C leadership, Guyana moved from bankruptcy to resilience โ€” building the strongest financial position in the nationโ€™s history.
    ๐Ÿ‘‰ ๐…๐€๐‚๐“ ๐’๐‡๐Ž๐‚๐Š๐„๐‘ #๐Ÿ โ€“ ๐๐š๐ง๐ค๐ซ๐ฎ๐ฉ๐ญ๐œ๐ฒ ๐”๐ง๐๐ž๐ซ ๐๐๐‚ (๐Ÿ๐Ÿ—๐Ÿ—๐Ÿ)
    ๐Ÿ’ธ -G$5.3B in reserves vs G$22.7B spending
    โžก๏ธ Guyana was bankrupt, spending money it didnโ€™t have.
    ๐Ÿ‘‰ ๐…๐€๐‚๐“ ๐’๐‡๐Ž๐‚๐Š๐„๐‘ #๐Ÿ โ€“ ๐๐๐/๐‚โ€™๐ฌ ๐‘๐ž๐ฌ๐œ๐ฎ๐ž (๐Ÿ๐Ÿ—๐Ÿ—๐Ÿโ€“๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“)
    ๐Ÿ“ˆ By 2011, PPP/C built ๐—š$๐Ÿญ๐Ÿฑ๐Ÿฑ๐—• ๐—ถ๐—ป ๐—น๐—ถ๐—พ๐˜‚๐—ถ๐—ฑ๐—ถ๐˜๐˜† ๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ & ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ฟ๐˜ƒ๐—ฒ๐˜€ ๐˜ƒ๐˜€ ๐—š$๐Ÿญ๐Ÿฑ๐Ÿญ๐—• ๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ด
    โžก๏ธ ๐Ÿญ๐Ÿญ๐Ÿฎ% ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ (๐Ÿญ.๐Ÿญ:๐Ÿญ) โ€” stronger financial buffers than expenditure, ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐—ผ๐—ถ๐—น ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ ๐—ณ๐—น๐—ผ๐˜„๐—ฒ๐—ฑ!
    ๐Ÿ‘‰ ๐…๐€๐‚๐“ ๐’๐‡๐Ž๐‚๐Š๐„๐‘ #๐Ÿ‘ โ€“ ๐‚๐จ๐ฅ๐ฅ๐š๐ฉ๐ฌ๐ž ๐”๐ง๐๐ž๐ซ ๐€๐๐๐”+๐€๐…๐‚ (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“โ€“๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ)
    โš ๏ธ Inherited a healthy ๐Ÿด๐Ÿฏ% ๐—น๐—ถ๐—พ๐˜‚๐—ถ๐—ฑ๐—ถ๐˜๐˜† & ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ฟ๐˜ƒ๐—ฒ๐˜€ ๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ ๐—ถ๐—ป ๐Ÿฎ๐Ÿฌ๐Ÿญ๐Ÿฑ
    โŒ By 2019: just ๐Ÿฎ๐Ÿฏ% (๐—š$๐Ÿญ๐Ÿฎ๐Ÿฌ๐—• ๐—น๐—ถ๐—พ๐˜‚๐—ถ๐—ฑ ๐—ฎ๐˜€๐˜€๐—ฒ๐˜๐˜€ & ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ฟ๐˜ƒ๐—ฒ๐˜€ ๐˜ƒ๐˜€ ๐—š$๐Ÿฏ๐Ÿญ๐Ÿฑ๐—• ๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ด)
    โžก๏ธ Fiscal buffers were ๐˜€๐—พ๐˜‚๐—ฎ๐—ป๐—ฑ๐—ฒ๐—ฟ๐—ฒ๐—ฑ.
    ๐Ÿ‘‰ ๐—™๐—”๐—–๐—ง ๐—ฆ๐—›๐—ข๐—–๐—ž๐—˜๐—ฅ #๐Ÿฐ โ€“ ๐—ฅ๐—ฒ๐˜๐˜‚๐—ฟ๐—ป ๐˜๐—ผ ๐—ฆ๐˜๐—ฟ๐—ฒ๐—ป๐—ด๐˜๐—ต ๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ ๐—ฃ๐—ฃ๐—ฃ/๐—– (๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฌโ€“๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ)
    โœ…๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฌ: 25% liquidity ratio (inherited from APNU+AFC)
    ๐Ÿ”ฅ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ: 92% liquidity ratio (โ‰ˆ1:1) โ€” nearly every dollar spent backed by a dollar saved.
    โžก๏ธ A full ๐—ฟ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฟ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ under PPP/C stewardship.
    ๐Ÿ‘‰ ๐—™๐—”๐—–๐—ง ๐—ฆ๐—›๐—ข๐—–๐—ž๐—˜๐—ฅ #๐Ÿฑ โ€“ ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ ๐—ฃ๐—ฟ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜ ๐—”๐—น๐—ถ
    ๐Ÿš€ Real GDP nearly ๐—พ๐˜‚๐—ฎ๐—ฑ๐—ฟ๐˜‚๐—ฝ๐—น๐—ฒ๐—ฑ (G$1.5T โ†’ G$5.5T)
    ๐Ÿ›ข๏ธ Oil output soared (๐—š$๐Ÿฑ๐Ÿฐ๐Ÿต๐—• โ†’ ๐—š$๐Ÿฐ.๐Ÿฎ๐—ง)
    ๐Ÿ’ผ Non-Oil GDP grew 1.5ร— (G$949B โ†’ G$1.4T)
    ๐Ÿ’ฐ National budget expanded 3.5ร— (G$330B โ†’ G$1.146T)
    ๐Ÿซ๐Ÿฅ๐Ÿก Record investment in ๐—ฒ๐—ฑ๐˜‚๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป, ๐—ต๐—ฒ๐—ฎ๐—น๐˜๐—ต๐—ฐ๐—ฎ๐—ฟ๐—ฒ, ๐—ต๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด & ๐—ถ๐—ป๐—ณ๐—ฟ๐—ฎ๐˜€๐˜๐—ฟ๐˜‚๐—ฐ๐˜๐˜‚๐—ฟ๐—ฒ
    โค๏ธ Expanded support for ๐—ฐ๐—ต๐—ถ๐—น๐—ฑ๐—ฟ๐—ฒ๐—ป, ๐˜€๐—ฒ๐—ป๐—ถ๐—ผ๐—ฟ๐˜€, ๐—ฎ๐—ป๐—ฑ ๐˜ƒ๐˜‚๐—น๐—ป๐—ฒ๐—ฟ๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜‚๐—ฝ๐˜€
    From ๐—ฏ๐—ฎ๐—ป๐—ธ๐—ฟ๐˜‚๐—ฝ๐˜๐—ฐ๐˜† ๐˜๐—ผ ๐—ฟ๐—ฒ๐˜€๐—ถ๐—น๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ, PPP/C delivers ๐—ฑ๐—ถ๐˜€๐—ฐ๐—ถ๐—ฝ๐—น๐—ถ๐—ป๐—ฒ, ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต, ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—ฟ๐—ผ๐˜€๐—ฝ๐—ฒ๐—ฟ๐—ถ๐˜๐˜† for all Guyanese. ๐Ÿ‡ฌ๐Ÿ‡พโœจ
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