IMF Commends Guyana on Economic Management and Development Strategies

The IMF commended Guyana’s economic management and praised its sustainable development framework during a recent report. Vice President Dr. Bharrat Jagdeo highlighted the Fund’s support, underscoring its role and the effectiveness of social transfer policies to enhance economic stability and growth.

The International Monetary Fund (IMF) has recently commended Guyana’s economic management, with Vice President Dr. Bharrat Jagdeo acknowledging this at a press conference. He characterized the IMF as a “technically competent” institution and expressed the government’s intention to share the Fund’s supportive statements more broadly. Dr. Jagdeo emphasized that the IMF has validated the government’s sustainable economic framework.

In a recent Staff Concluding Statement from the 2025 Article IV Mission, the IMF praised Guyanese officials for their dedication to macroeconomic stability, fiscal sustainability, and inclusive growth. Although there are currently no signs of an overheating economy, the IMF highlighted the necessity for the government to diligently monitor macroeconomic trends to prevent potential imbalances.

The IMF also acknowledged the effectiveness of social transfer policies in enhancing disposable income and reducing poverty levels. They have recommended additional targeted transfers to further support Guyana’s sustainable development goals. Dr. Jagdeo affirmed that the IMF’s evaluation is authoritative, claiming it surpassed contributions from politically-influenced economists locally.

Furthermore, he pointed out that the IMF’s assessment reflects a comprehensive understanding of the government’s developmental plans for Guyana, demonstrating their fair and constructive viewpoint regarding the country’s economic trajectory.

In summary, the IMF’s recent commendation of Guyana’s economic management highlights the importance of sustainable policies and social transfer initiatives. Vice President Dr. Jagdeo’s remarks reinforce the credibility of the IMF’s evaluation while advocating for adherence to recommended measures to ensure continued economic stability and growth. The collaboration between the IMF and Guyana is poised to facilitate progress towards achieving national development goals.

Original Source: newsroom.gy