The IMF commended Guyana’s economic management, as stated by Vice President Jagdeo. The recent report highlights the nation’s commitment to fiscal sustainability and warns against potential economic imbalances. Furthermore, the IMF recognized the positive outcomes of social transfer policies aimed at reducing poverty, advocating for targeted support to achieve sustainable development goals.
The International Monetary Fund (IMF) has recently commended the management of Guyana’s economy, eliciting a positive response from Vice President Dr. Bharrat Jagdeo, who referred to the IMF as a “technically competent” organization. During his weekly press conference at the People’s Progressive Party Civic Headquarters, Jagdeo emphasized the importance of sharing the IMF’s supportive feedback with the public.
The IMF’s Staff Concluding Statement for the 2025 Article IV Mission praised Guyanese authorities for their dedication to macroeconomic stability, fiscal sustainability, and inclusive growth. While there are no immediate signs of overheating in the economy, the report underscores the necessity for the government to diligently monitor macroeconomic trends to maintain balance and continue progressive policies.
Additionally, the IMF recognized the effectiveness of Guyana’s social transfer policies, which have notably increased disposable incomes and reduced poverty rates. The organization recommended further targeted transfers to bolster Guyana’s sustainable development objectives. Jagdeo reinforced the legitimacy of the IMF’s evaluation, highlighting that the team included experienced economists who conducted thorough independent analyses.
In summary, the IMF has endorsed Guyana’s economic management while urging vigilance against potential imbalances. Their recognition of government policies and social transfers indicates a positive outlook for sustainable development. Vice President Jagdeo’s characterizations of the IMF underscore its authority and the collaborative efforts directed towards enhancing Guyana’s economic landscape.
Original Source: newsroom.gy
