While extending glowing praise for Guyana’s oil-driven economic expansion, visiting Deputy Managing Director of the International Monetary Fund, Kenji Okamura did issue cautionary hints including on overheating of the economy and the need for balanced growth.
“I congratulated the authorities on the unparalleled economic expansion. Guyana today is in the position to reap the benefits of rapidly increasing oil revenues due to the hard-won gains from implementing reforms and adjustment over the years. The plans put in place by the authorities and the strong progress are benefiting the entire population through better healthcare and educational programs, housing policies, energy, and transportation infrastructure. Most importantly, these plans are also providing current and future generations with entrepreneurial and work opportunities through very strong economic growth, and a more diversified and climate resilient economy”, he said in a statement at the conclusion of his visit.