## Guyana: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

_IMF Staff Country Reports, May 7, 2025_

## Source details

**Canonical URL:** [Guyana: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana](https://www.imf.org/en/publications/cr/issues/2025/05/07/guyana-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-566712)

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## Bibliographic details
- Published: May 7, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229008860.002

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### Overview and recent growth
- Guyana’s economy has grown rapidly over the past two decades, progressing from low-middle-income to high-income status—the only Heavily Indebted Poor Countries (HIPC) Initiative participant to achieve this milestone.
- Oil production is fast ramping up and, together with strong non-oil growth and large-scale infrastructure investment, is supporting the highest real gross domestic product (GDP) growth rate in the world at a recorded average of 47 percent in 2022–20 24.
- The outlook remains highly favorable: oil production will continue expanding rapidly, and non-oil real GDP growth is expected to remain strong, largely supported by the government’s efforts to invest in infrastructure, including for climate change adaptation, promote economic diversification, and improve welfare.

### Risks, upside scenarios, and near-term dynamics
- Risks to the outlook are broadly balanced.
- Upside scenarios:
  - Further oil discoveries would improve Guyana’s long-term economic prospects.
  - Productivity-enhancing investment would improve Guyana’s long-term economic prospects.
  - Expanding construction activity may support higher short-term non-oil GDP growth.

### Policy discussions and recommendations
- Policy discussions focused on ensuring that Guyana’s exceptional resource potential is best harnessed to:
  - Support the implementation of the authorities’ ambitious low-carbon development plans.
  - Ensure macroeconomic stability.
  - Achieve inclusive and resilient growth.
- Government priorities highlighted as supporting strong non-oil growth:
  - Invest in infrastructure, including for climate change adaptation.
  - Promote economic diversification.
  - Improve welfare.

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## Content in this bundle

- **1guyea2025001-print-pdf**
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_Source: https://www.imf.org/en/publications/cr/issues/2025/05/07/guyana-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-566712_