Background: Guyana achieved independence from the UK 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.
Legislative branch: unicameral National Assembly (65 seats 53 popularly elected; members serve five-year terms)
Judicial branch: Supreme Court of Judicature; Judicial Court of Appeal; High Court
Political parties and leaders: Alliance for Guyana or AFG [Rupert ROOPNARINE]; Democratic Labor Movement or DLM [Paul TENNASSEE]; For a Good and Green Guyana or GGG [Hamilton GREEN]; Guyana Democratic Party or GDP [Asgar ALLY]; Guyana Labor Party or GLP [leader NA]; Guyanese Organization for Liberty and Democracy Party or GOLD [Anthony MEKDECI]; National Democratic Front or NDF [Joseph BACCHUS]; National Republican Party or NRP [Robert GANGADEEN]; People's Democratic Movement or PDM [Llewellyn JOHN]; People's National Congress or PNC [Hugh Desmond HOYTE]; People's Progressive Party or PPP [leader NA]; The United Force or TUF [Manzoor NADIR]; Working People's Alliance or WPA [leader NA]
International organization participation: ACP C Caricom CCC CDB ECLAC FAO G-77 IADB IBRD ICAO ICFTU ICRM IDA IFAD IFC IFRCS ILO IMF IMO Intelsat (nonsignatory user) Interpol IOC ISO (subscriber) ITU LAES NAM OAS OPANAL OPCW PCA UN UNCTAD UNESCO UNIDO UPU WCL WFTU WHO WIPO WMO WTrO
Flag description: green with a red isosceles triangle (based on the hoist side) superimposed on a long yellow arrowhead; there is a narrow black border between the red and yellow and a narrow white border between the yellow and the green
Economy overview: 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 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. Also electricity has been in short supply; the privatization of the sector in August 1999 is expected to improve prospects. The government must persist in efforts to manage its sizable external debt and extend its privatization program.
Disputes international: all of the area west of the Essequibo River claimed by Venezuela; Suriname claims area between New (Upper Courantyne) and Courantyne/Kutari [Koetari] Rivers (all headwaters of the Courantyne)