-cites need for more inclusive growth
The International Monetary Fund (IMF) has recommended that Guyana put in place an effective and transparent fiscal structure for the extractive industries.
In a statement yesterday on its Article IV Consultation with Guyana which was conducted on November 9, 2012, the IMF said the structure should include a sovereign wealth fund (SWF) and compliance with the Extractive Industries Transparency Initiative (EITI).
An SWF comprises money from central bank reserves that build up as a result of budget and trade surpluses and also includes revenue generated from the