Guyana’s economy is expected to grow “extremely fast” this year at 38%, the IMF said yesterday as oil production ramps up but it issued several cautions and also recommended a review of the exchange rate framework.
Following its Article IV visit this week here, the International Monetary Fund (IMF) team issued a concluding statement yesterday in which it lauded the authorities on fiscal and monetary policy but also raised concern about inflationary pressures.
It said that the outlook for medium term growth was better than ever before.