As the International Monetary Fund (IMF) and World Bank Group (WBG) meet in Marrakesh, Morocco, Guyana has committed to sustainably manage its economy, which has projections of continuous growth due to the newfound oil wealth, with plans of diversification.
“… Senior Finance Minister Dr Ashni Singh assured IMF’s Deputy Managing Director Mr Kenji Okamura during a meeting, that the Government of Guyana is committed to continued prudent and sustainable management of the country’s economy,” a statement from the Ministry of Finance yesterday said. The 2023 IMF and World Bank Group’s meeting was slated to conclude yesterday.
According to the release, the finance minister said he highlighted that Guyana’s economy recorded real economic growth of more than 40 percent on average per annum over the last three years, with medium term growth projected at more than 20 percent. It added that Oka-mura recognized Guyana’s strong economic performance and economic policy agenda.