GuySuCo needs an IMF-style structural adjustment programme to survive

By Rawle Lucas On In Business Review |
LUCAS STOCK INDEXThe Lucas Stock Index (LSI) remained unchanged in trading during the second period of June 2015. The stocks of six companies were traded with 138,479 shares changing hands. There were no Climbers and no Tumblers. In the meanwhile, the shares of Banks DIH (DIH), Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL), Demerara Tobacco Company (DTC), Guyana Bank for Trade and Industry (BTI) and Republic Bank Limited (RBL) remained unchanged on the sale of 5,625; 33,800; 75,467; 12,500; 50 and 11,037 shares respectively.
LUCAS STOCK INDEXThe Lucas Stock Index (LSI) remained unchanged in trading during the second period of June 2015. The stocks of six companies were traded with 138,479 shares changing hands. There were no Climbers and no Tumblers. In the meanwhile, the shares of Banks DIH (DIH), Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL), Demerara Tobacco Company (DTC), Guyana Bank for Trade and Industry (BTI) and Republic Bank Limited (RBL) remained unchanged on the sale of 5,625; 33,800; 75,467; 12,500; 50 and 11,037 shares respectively.

No-nonsense programme

 

When a country runs into financial trouble, it turns to the IMF for help, and depending on its level of development and financial health, the IMF gives it a structural adjustment programme to suit. The structural adjustment programme (SAP) of the IMF is a straightforward no-nonsense programme that forces supplicant countries to face head on the financial realities of their operation and existence. The purpose of the programme is to make countries improve their way of doing business.

The institutions that are part of the productive structure have to operate differently. The SAP consists of myriad policy measures