Guyana: Experience with Macroeconomic Stabilization and Structural Adjustment and Poverty Reduction

IMF Special Issues, March 19, 2003

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Guyana: Experience with Macroeconomic Stabilization and Structural Adjustment and Poverty Reduction

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Bibliographic details

• Authors: Ethan Weisman, Ebrima A Faal, Philippe Egoume Bossogo, Raj Nallari
• Published: March 19, 2003
• Series: IMF Special Issues
• DOI: https://doi.org/10.5089/9781589061910.058

Overview and timeframe

• Title: Guyana: Experience with Macroeconomic Stabilization and Structural Adjustment and Poverty Reduction
• Authors: Ethan Weisman, Ebrima A Faal, Philippe Egoume Bossogo, Raj Nallari
• Publication date: March 19, 2003
• Coverage period analyzed: 1989 to 2000
• DOI: https://doi.org/10.5089/9781589061910.058
• ISBN: 9781589061910
• Stock No: ISIEA2003001
• Pages: 0

Key findings and outcomes (1989–2000)

• Guyana transitioned from a state-controlled to a market economy.
• Stability was restored.
• Growth recovered markedly.
• Poverty declined as a result of:
  • strong macroeconomic policies, and
  • wide-ranging structural reforms.

Risks, challenges, and prerequisites for sustained progress

• The success of the poverty reduction strategy hinges on:
  • the implementation of sound macroeconomic policies,
  • further lowering of the country’s external debt burden,
  • acceleration of the restructuring of institutions and the economy,
  • a stable political environment.

Subject classification

• Economic sectors
• Financial crises

Source: Guyana: Experience with Macroeconomic Stabilization and Structural Adjustment and Poverty Reduction, Ethan Weisman, Ebrima A Faal, Philippe Egoume Bossogo, Raj Nallari, March 19, 2003; DOI: https://doi.org/10.5089/9781589061910.058