All will feel the pressure to repay PPP/C debts-APNU

Nov 20, 2011 News

A Partnership For National Unity on Friday unveiled its long awaited manifesto which declared that Guyana can ill afford to gamble with its future.
According to the coalition’s manifesto the People’s Progressive Party Civic’s policies over the past 19 years depended heavily on luck and tricky statistics.
The coalition says that Guyana needs a sustainable economy for poverty eradication and social and economic development in order to achieve a better future for all and this will be achieved through the informed and smart use (protection and utilisation) of Guyana’s natural resource endowment, including our human resources.
According to APNU, in order to achieve the outlined policy goals, “We cannot continue to gamble with our future. Many of the policies of the past nineteen years depended on luck and tricky statistics.”
The coalition of parties state, “Economies like ours, which rely on a few export commodities and hope for continued high prices, are at serious risk…Our people deserve an economy based on sound fundamentals, framed within a cohesive medium-term economic development plan. Neither the National Development Plan nor the Low Carbon Development Strategy will take us where we need to go.”
According to APNU the international community joined together to forgive a significant portion of Guyana’s debt accumulated under various programmes by the PPP/C during its time in Office over the past two decades but the country’s debt continues to grow.
The coalition of parties insists that Guyanese currently do not benefit sufficiently from the government’s overspending. “We all know that everyone will feel it when it comes time to repay.”
APNU says that if the debt is not managed properly then Guyanese will be burdened with higher taxes, fewer services and an uncertain future.
The coalition in its recently launched manifesto says, “We have to do more to balance our long-term capital inflows and exports with our imports, otherwise we will face challenges with our currency position, ability to compete globally, and assure a sound future for our sustainable development plans.”
APNU stated that it is well known that Guyana’s inflation numbers are unreliable and therefore affect consumer confidence and planning.
“It is clear that there is greater uncertainty about our economy than the PPP admits…APNU in government will create an economy geared to unleashing the potential of the Guyanese people and its resources.”
Speaking to its ‘UP and Out’ philosophy, APNU’s manifesto says that when it takes office its government will create an economy geared to unleashing the potential of the Guyanese people and its resources.
It says that the concept is simple in that the coalition will concentrate on moving economic activities up the development chain and reversing the trade balance by beginning to export more than is imported.
“Citizens are urging APNU to nurture a vibrant, flexible, modern, and people-centered economy through knowledge- and skills-intensive and natural resource-based development, diversifying the economy’s output, markets and encouraging innovation in industry, education and training… It is not just about producing more stuff.”
APNU says that it is also well known “how many investors, big and small, took on important ventures, especially in agriculture, only to see them fail or bear little fruit.”
The Coalition says that this is due to an unfocused, disorganised approach to diversification.
“The size of our population requires us to be more systematic, very strategic, and more embracing of technology and innovation…We envision the diversification path mainly through agriculture, forestry and mining, tourism and financial services, Information, Technology and Communication.”
The coalition says that APNU in a new administration will promote economic activity by fostering an environment for private sector growth, particularly in these sectors.
“The policy framework will give incentives to domestic and international investment, higher value production, export orientation, introduction of technology and innovation, employment creation, and higher skilled training activities; and activities that reduce poverty.”

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