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A country in Northern South America, bordering the North Atlantic Ocean, between Suriname and Venezuela. |
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The Co-operative Republic of Guyana is a nation of northeastern South America. Guyana achieved independence from the United Kingdom in 1966 and became a republic in 1970. In 1989 Guyana launched an Economic Recovery Program, which marked a dramatic reversal from a state-controlled, socialist economy towards a more open, free market system. Results through the first decade have proven encouraging. |
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Guyana totals 214970 sq km, which is slightly smaller then Idaho. It shares borders with Brazil, Suriname and Venezuela. |
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Severe drought and political turmoil contributed to Guyana's negative growth of -1.8% for 1998 following six straight years of growth of 5% or better. Growth came back to a positive 1.8% in 1999. Underlying growth factors have included expansion in the key agricultural and mining sectors, a more favorable atmosphere for business initiative, a more realistic exchange rate, a moderate inflation rate, and continued support by international organizations. President [Bharatt Jagdeo]?, the former finance minister, is taking steps to reform the economy, including drafting an investment code and restructuring the inefficient and unresponsive public sector. Problems include a shortage of skilled labor and an inadequate and poorly maintained transportation system, as well as a shortage of electricity. |
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It has a climate which is tropical; hot, humid, moderated by northeast trade winds, with two rainy seasons (May to mid-August, mid-November to mid-January). |
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The capital is Georgetown?. |
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Information source: http://www.cia.gov/cia/publications/factbook/geos/gy.html |
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From the CIA World Factbook 2000 and the U.S. Department of State website. Not Wikified. * History? * Geography? * People? * Government? * Economy? * Communications? * Transportation? * Military? * [Transnational Issues]? |
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