The IMF commended Guyana’s economic management and sustainability efforts. Vice President Dr. Bharrat Jagdeo praised the IMF as a competent institution, highlighting their endorsement of the government’s policies which promote macroeconomic stability and fiscal sustainability, as well as social transfer initiatives that reduce poverty. The Vice President emphasized the importance of the IMF’s authoritative assessment in guiding Guyana’s development plan.
The International Monetary Fund (IMF) has expressed its approval of Guyana’s economic management, with Vice President Dr. Bharrat Jagdeo noting its status as a “technically competent” institution. He emphasized the government’s intention to communicate the IMF’s supportive findings more broadly, highlighting their endorsement of Guyana’s sustainable economic framework.
In its recent Staff Concluding Statement for the 2025 Article IV Mission, the IMF commended the commitment of Guyanese authorities to fostering macroeconomic stability and fiscal sustainability, as well as promoting inclusive growth. The report emphasized the need for vigilant monitoring of macroeconomic trends to prevent potential imbalances, as signs of overheating are currently absent.
The IMF also acknowledged the effectiveness of social transfer policies in improving disposable income and reducing poverty levels in Guyana, recommending targeted measures to further advance the country’s sustainable development goals. Jagdeo pointed out the credibility of the IMF’s statement, stating that it surpasses comments from political analysts or local economists.
Furthermore, Jagdeo characterized the IMF’s assessment as fair and expressed confidence in their understanding of the government’s development strategy for Guyana.
In conclusion, the IMF has lauded Guyana’s economic management and supportive policies aimed at sustainable growth. The government’s focus on social transfers and macroeconomic stability has garnered international recognition, underscoring the importance of adhering to sound fiscal practices as Guyana navigates its development trajectory. The Vice President’s remarks reflect a commitment to maintaining transparency about the IMF’s recommendations and support.
Original Source: newsroom.gy
