## Guyana: Staff Report for the 2009 Article IV Consultation

_IMF Staff Country Reports, September 17, 2010_

## Source details

**Canonical URL:** [Guyana: Staff Report for the 2009 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/guyana-staff-report-for-the-2009-article-iv-consultation-24222)

## Other formats

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## Bibliographic details
- Published: September 17, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455208470.002

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### Summary and key findings
- 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.

### Macroeconomic developments
- 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.

### Structural reform and financial sector
- Continued emphasis on reducing vulnerabilities and entrenching long-term growth.
- Consolidation of insurance and bank supervision at the central bank.

### Subjects and policy relevance
- 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.

*International Monetary Fund. "Guyana: Staff Report for the 2009 Article IV Consultation."*

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## Content in this bundle

- **Guyana: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/292; March 2, 2010**
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  - [Guyana: Staff Report for the 2009 Article IV Consultation; IMF Country Report 10/292; March 2, 2010 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10292.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/guyana-staff-report-for-the-2009-article-iv-consultation-24222_