{
  "title": "Guyana: Staff Report for the 2013 Article IV Consultation",
  "publication": "IMF Staff Country Reports, September 25, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/guyana-staff-report-for-the-2013-article-iv-consultation-42364",
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  "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.",
  "sections": [
    {
      "heading": "Economic performance and drivers",
      "content": "- The economy has experienced seven consecutive years of robust growth.\n- Growth was buoyed by:\n  - high commodity prices\n  - foreign direct investment\n  - expansion of private sector credit"
    },
    {
      "heading": "Amaila Falls Hydro-electric Project (AFHP)",
      "content": "- AFHP is pursued as part of a strategy to:\n  - sustain growth\n  - reduce poverty\n  - curtail dependence on imported oil\n- AFHP entails investment of about 30 percent of GDP.\n- Parliamentary steps that delayed important approvals led the private sector partner to withdraw.\n- The withdrawal could delay the project while additional financing is sought."
    },
    {
      "heading": "Fiscal and public debt position",
      "content": "- Public debt remains high—around 60 percent of GDP—limiting the room to finance inclusive growth."
    },
    {
      "heading": "Key themes and policy implications",
      "content": "- Sustaining robust growth depends on continued commodity-driven inflows, foreign investment, and credit expansion.\n- Large infrastructure projects (AFHP) are central to the authorities’ strategy but face implementation and financing risks following approval delays and private partner withdrawal.\n- High public debt (around 60 percent of GDP) constrains fiscal space for inclusive growth-promoting measures.\n\nSource: Guyana: Staff Report for the 2013 Article IV Consultation (September 25, 2014).\n\n---\n\n Content in this bundle\n\n- cr14294\n  - cr14294 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14294 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 25, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498355001.002",
    "The economy has experienced seven consecutive years of robust growth.",
    "Growth was buoyed by:",
    "AFHP is pursued as part of a strategy to:",
    "AFHP entails investment of about 30 percent of GDP.",
    "Parliamentary steps that delayed important approvals led the private sector partner to withdraw.",
    "The withdrawal could delay the project while additional financing is sought.",
    "Sustaining robust growth depends on continued commodity-driven inflows, foreign investment, and credit expansion.",
    "Large infrastructure projects (AFHP) are central to the authorities’ strategy but face implementation and financing risks following approval delays and private partner withdrawal.",
    "High public debt (around 60 percent of GDP) constrains fiscal space for inclusive growth-promoting measures.",
    "**_cr14294**"
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