With significant revenues expected from imminent oil production, the Bank of Guyana (BoG) has started preparation to insulate the economy from inflation and is receiving help from the International Monetary Fund (IMF) and Caribbean Technical Assistance Centre (CARTAC).
“We want to ensure price stability, monetary stability, and financial stability,” BoG Governor Dr Gobind Ganga told Stabroek News yesterday.
Guyana’s inflation rate has remained stable over the past five years at an average of 1.4% and at half year it stood at 1.6%.