Guyana. A political deadlock dominated Parliament’s work during the year. Among other things, the opposition blocked a law aimed at illegal money laundering and terrorist financing. On June 19, President Donald Ramotar accused the opposition in harsh terms of lack of patriotism. As a consequence of the government’s failure to enforce the law, Guyana was blacklisted by The Caribbean Financial Action Task Force (CFATF), a division of The Financial Action Task Force (FATF) that cooperates with the International Monetary Fund (IMF). According to Abbreviation Finder, GY stands for Guyana in English. Click to see other meanings of this 2-letter acronym.
According to Countryaah.com, Guyana population in 2020 is estimated at 786,563. The opposition parties APNU (Partnership for National Unity) and AFC (Alliance for Change) have a scarce majority in Parliament and demanded concessions in other legislation as a condition for voting for the money laundering law, which the President dismissed as opportunistic political blackmail. At the bottom of the conflict, as in Guyanese politics in general, was an ethnic conflict between blacks, who usually support APNU, and Guyanese of Indian descent, who through their party the People’s Progress Party/Civic (PPP/C) with President Ramotar at the forefront holds government power.
According to topb2bwebsites, the ongoing border conflict with neighboring Suriname over the New River Triangle (or Tigrio area) in the southeast, controlled by Guyana, remained unresolved during the year. Guyana therefore boycotted, among other things, an international conference on mining and energy issues in Surinam’s capital Paramaribo in April as Surinamese maps scattered before the conference presented the area as Surinamese territory. Although a special bilateral commission has dealt with the issue since 2011, its meetings have been few and unsuccessful.