{
  "title": "Guyana: Staff Report for the 2009 Article IV Consultation",
  "publication": "IMF Staff Country Reports, September 17, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/guyana-staff-report-for-the-2009-article-iv-consultation-24222",
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  "summary": "Guyana has weathered the impact of the global crisis well by regional and global standards. The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel. Macroeconomic policies have remained prudent.",
  "sections": [
    {
      "heading": "Summary and key findings",
      "content": "- Guyana has weathered the impact of the global crisis well by regional and global standards.\n- The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel.\n- Macroeconomic policies have remained prudent.\n- Monetary policy tightened somewhat in 2009, supporting the decline in inflation and external stability.\n- Structural reform has continued to focus on further reducing vulnerabilities and entrenching long-term growth.\n- The authorities have consolidated insurance and bank supervision at the central bank."
    },
    {
      "heading": "Macroeconomic developments",
      "content": "- Current account: declined by 5 percent of GDP (to 8.5 percent of GDP).\n- Trade: reduction in imports, particularly of fuel, was a key driver of the current account improvement.\n- Monetary policy: tightened somewhat in 2009, supporting a decline in inflation and external stability.\n- Fiscal and macro policies: characterized as prudent over the period covered."
    },
    {
      "heading": "Structural reform and financial sector",
      "content": "- Continued emphasis on reducing vulnerabilities and entrenching long-term growth.\n- Consolidation of insurance and bank supervision at the central bank."
    },
    {
      "heading": "Subjects and policy relevance",
      "content": "- Subject areas: Economic sectors; Expenditure; External debt; Public and publicly-guaranteed external debt; Public debt; Public investment and public-private partnerships (PPP); Public sector.\n- Keywords: Caribbean; CLICO Guyana; CR; debt service; deficit; GDP series; Global; Guyana; Guyanese economy; ISCR; keeping inflation; monetary policy; oil reserve; Public and publicly-guaranteed external debt; Public investment and public-private partnerships (PPP); Public sector; real GDP; U.S. dollar.\n\nInternational Monetary Fund. \"Guyana: Staff Report for the 2009 Article IV Consultation.\"\n\n---\n\n Content in this bundle\n\n- Guyana: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/292; March 2, 2010\n  - Guyana: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/292; March 2, 2010 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Guyana: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/292; March 2, 2010 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: September 17, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455208470.002",
    "Guyana has weathered the impact of the global crisis well by regional and global standards.",
    "The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel.",
    "Macroeconomic policies have remained prudent.",
    "Monetary policy tightened somewhat in 2009, supporting the decline in inflation and external stability.",
    "Structural reform has continued to focus on further reducing vulnerabilities and entrenching long-term growth.",
    "The authorities have consolidated insurance and bank supervision at the central bank.",
    "Current account: declined by 5 percent of GDP (to 8.5 percent of GDP).",
    "Trade: reduction in imports, particularly of fuel, was a key driver of the current account improvement.",
    "Monetary policy: tightened somewhat in 2009, supporting a decline in inflation and external stability.",
    "Fiscal and macro policies: characterized as prudent over the period covered.",
    "Continued emphasis on reducing vulnerabilities and entrenching long-term growth.",
    "Consolidation of insurance and bank supervision at the central bank.",
    "Subject areas: Economic sectors; Expenditure; External debt; Public and publicly-guaranteed external debt; Public debt; Public investment and public-private partnerships (PPP); Public sector.",
    "Keywords: Caribbean; CLICO Guyana; CR; debt service; deficit; GDP series; Global; Guyana; Guyanese economy; ISCR; keeping inflation; monetary policy; oil reserve; Public and publicly-guaranteed external debt; Public investment and public-private partnerships (PPP); Public sector; real GDP; U.S. dollar.",
    "**Guyana: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/292; March 2, 2010**"
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