Guyana: Staff Report for the 2013 Article IV Consultation

September 25, 2014

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Format: Chicago

Guyana: Staff Report for the 2013 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

The economy has experienced seven consecutive years of robust growth, buoyed by high commodity prices, foreign direct investment and expansion of private sector credit. As part of a strategy to sustain growth, reduce poverty and curtail dependence on imported oil, the authorities are pursuing the Amaila Falls Hydro-electric Project (AFHP), entailing investment of about 30 percent of GDP. However, steps by Parliament that delayed important approvals led the private sector partner to withdraw, which could delay the project while additional financing is sought. Meanwhile, public debt remains high—around 60 percent of GDP—limiting the room to finance inclusive growth.

Subject: Balance of payments, Current account deficits, Economic sectors, External debt, Imports, International trade, Public debt, Public sector

Keywords: Caribbean, Climate mitigation effort, Consumption tax receipt, CR, Current account deficits, Debt, Deficit, Fuel import, GDP growth, Global, Imports, ISCR, Public sector, Real GDP, Sugar company, Twelve-moth inflation, U.S. dollar

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/294
Stock No:

1GUYEA2014001
ISBN:

9781498355001
ISSN:

1934-7685

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