{"id":26318,"date":"2025-02-08T23:28:54","date_gmt":"2025-02-08T23:28:54","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=26318"},"modified":"2025-02-08T23:28:55","modified_gmt":"2025-02-08T23:28:55","slug":"private-sector-credit-increases-by-over-60-under-ppp-c-administration","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/private-sector-credit-increases-by-over-60-under-ppp-c-administration\/","title":{"rendered":"Private Sector Credit Increases by Over 60% Under PPP\/C Administration"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>By Samuel Sukhnandan | January 13, 2025<\/em><\/p>\n\n\n\n<p>Private sector credit in Guyana has experienced a significant rise of over 60% in the past four years under the leadership of the PPP\/C administration. <\/p>\n\n\n\n<p>President Dr. Irfaan Ali attributes this growth to the confidence in government policies and the overall expansion of the local economy.<\/p>\n\n\n\n<p>During a live broadcast from State House on Sunday, President Ali highlighted that successive PPP\/C administrations have successfully built investor confidence through policies aimed at creating growth and expanding opportunities. <\/p>\n\n\n\n<p>He pointed to the recent uptick in private sector credit as further evidence of this success.<\/p>\n\n\n\n<p>The President also took the opportunity to criticize the previous coalition government for excessive borrowing without implementing plans to boost productivity or foster growth in the private sector. <\/p>\n\n\n\n<p>He noted that credit to the central government had been disproportionately high under the previous administration, which led to a strained economy.<\/p>\n\n\n\n<p>Despite the challenges inherited from the previous government, President Ali emphasized that since taking office in 2020, his administration has managed to stabilize the economy, including navigating the post-pandemic recovery period. <\/p>\n\n\n\n<p>He pointed to the surge in private sector investments across key sectors such as agriculture, health, education, and business, which have contributed to Guyana&#8217;s current position as one of the fastest-growing economies globally. <\/p>\n\n\n\n<p>While the oil sector plays a significant role, the growth is also being driven by other important industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Samuel Sukhnandan | January 13, 2025 Private sector credit in Guyana has experienced a significant rise of over 60% in the past four years under the leadership of the&hellip;<\/p>\n","protected":false},"author":4,"featured_media":25569,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[350],"tags":[],"class_list":["post-26318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=26318"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26318\/revisions"}],"predecessor-version":[{"id":26319,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26318\/revisions\/26319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/25569"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=26318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=26318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=26318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}