Guyana Switching Sugar for Tourism
Guyanese Prime Minister Samuel Hinds said his government would strengthen tourism given European Union cuts in sugar prices.

Guyana will face a 46 million USD deficit given 36 percent reduction of the sugar price, said Hinds.

Hinds stated the increase of tourism operations would compensate losses, since the EU measure will affect the Guyanese economy in coming years, forcing the country to raise tourism revenues.

That cut may account for five percent of the Guyanase GDP, amounting to us900 million dollars, and the situation will worsen with the oil price rise.

Guyana´s tourism is eco-based, creates 6,925 jobs (2.2 percent of the national total) and provides us23.1million dollars a year.

According to the World Travel and Tourism Council, Guyana may could earn us46.4 million dollars in the next ten years.