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The recent upgrade of Guyana’s risk classification for creditworthiness positions the country as a more attractive place for doing business, according to Senior Minister with Responsibility for Finance Minister, Dr Ashni Singh.
Last week, the Organisation for Economic Co-operation and Development (OECD) revised Guyana’s Country Risk Classification from level 5 to 4.
The country risk classifications measure a country’s credit risk and the likelihood that the country will service its external debt. Countries are ranked on a scale of zero to seven, with zero being low-risk and seven considered high risk.
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