US$419.2M remittance contributes to growing economy

RemitGeorgetown: Overseas-based Guyanese sending home monies to their families helped boost remittances to US$419.2 million which contributed to Guyana’s economy recording a 4.8% growth in 2012. This year, Government projects a 5.3% growth rate.

The Bank of Guyana ended the year with total external reserves of US$862.2 million.

During recent budget debates Government stated that Guyana will capitalize on numerous transformative projects, although there is a challenging global crisis.

Government tabled a $208.8B budget in Parliament under the theme “Overcoming Challenges Together, Accelerating Gains For Guyana.”