IMF Commends Guyana’s Economic Management, Affirms Development Framework

The IMF praised Guyana’s economic management, highlighting the government’s sustainable framework and social transfer policies that enhance growth and reduce poverty. Vice President Jagdeo emphasized the IMF’s technical competence and fair assessment of the government’s development plan, reflecting a commitment to macroeconomic stability and sustainable growth.

The International Monetary Fund (IMF) recently commended the management of Guyana’s economy, which Vice President Dr. Bharrat Jagdeo appreciated during a press conference at the People’s Progressive Party Civic (PPP/C) Headquarters. Jagdeo lauded the IMF as a “technically competent” institution, emphasizing the government’s eagerness to share the IMF’s supportive statements on the country’s economic framework.

In its Staff Concluding Statement following the 2025 Article IV Mission, the IMF acknowledged the commitment of Guyanese authorities to maintain macroeconomic stability, fiscal sustainability, and inclusive growth. Although there are no immediate signs of economic overheating, the IMF cautioned the government to monitor macroeconomic trends closely and to continue its policies to prevent potential imbalances.

Furthermore, the IMF highlighted the benefits of social transfer policies in increasing disposable income and decreasing poverty levels, recommending targeted transfers to aid in Guyana’s sustainable development goals. Vice President Jagdeo asserted that the IMF’s independent evaluations conducted by its competent team surpass any assertions made by local analysts aligned with political groups.

Jagdeo affirmed the IMF’s fairness in its assessments and its comprehensive understanding of Guyana’s developmental objectives, underscoring the value of their insights for the country’s future plans.

In summary, the IMF’s recognition of Guyana’s economic management marks a significant validation for the nation. The institution’s emphasis on sustainable economic frameworks and effective social transfers aligns with the government’s objectives. Vice President Jagdeo’s reliance on the IMF’s expertise indicates a commitment to ongoing collaboration for Guyana’s economic advancement and sustainable development.

Original Source: newsroom.gy