Guyana: Staff Report for the 2009 Article IV Consultation

International Monetary Fund

No 2010/292, IMF Staff Country Reports from International Monetary Fund

Abstract: Guyana has weathered the impact of the global crisis well by regional and global standards. The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel. Macroeconomic policies have remained prudent. Monetary policy tightened somewhat in 2009, supporting the decline in inflation and external stability. Structural reform has continued to focus on further reducing vulnerabilities and entrenching long-term growth. The authorities have consolidated insurance and bank supervision at the central bank.

Keywords: ISCR; CR; Guyana; real GDP; monetary policy; deficit; CLICO Guyana; keeping inflation; U.S. dollar; debt service; GDP series; oil reserve; Guyanese economy; Public sector; Public and publicly-guaranteed external debt; Public investment and public-private partnerships (PPP); Global; Caribbean (search for similar items in EconPapers)
Pages: 81
Date: 2010-09-17
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