The IMF commended Guyana’s economic management, with Vice President Dr. Jagdeo praising their “technically competent” evaluation. The IMF’s report endorsed the government’s sustainable economic framework and social transfer initiatives that have alleviated poverty. Jagdeo highlighted the IMF’s rigorous analyses, asserting their credibility over local political assessments.
The International Monetary Fund (IMF) recently recognized the effective management of Guyana’s economy, earning praise from Vice President Dr. Bharrat Jagdeo, who acknowledged the IMF’s status as a “technically competent” organization. During a press conference at the People’s Progressive Party Civic Headquarters, Dr. Jagdeo expressed the government’s willingness to share the supportive feedback received from the IMF regarding its economic framework, which is deemed sustainable.
In its recently published Staff Concluding Statement from the 2025 Article IV Mission, the IMF commended the government for its commitment to macroeconomic stability, fiscal sustainability, and inclusive growth. Although no immediate signs of overheating were detected, the IMF advised close monitoring of macroeconomic trends to prevent potential imbalances. Additionally, the report highlighted the positive influence of social transfer policies that have helped raise disposable income and decrease poverty.
Dr. Jagdeo emphasized the IMF’s credibility, noting that a team of experts conducted thorough independent analyses in Guyana. He argued that their assessments carry more weight than comments from local economists with political alignments. Furthermore, he stated that the IMF comprehensively understood Guyana’s developmental goals and plans, reinforcing the validity of their evaluations.
In summary, the IMF’s recent endorsement of Guyana’s economic management and development strategy reflects a commitment to sustainability and inclusive growth. The positive assessment highlights the effectiveness of social policies and underscores the need for vigilant macroeconomic monitoring. Vice President Dr. Jagdeo’s acknowledgment of the IMF’s authoritative analysis further emphasizes its significance in guiding Guyana’s economic trajectory.
Original Source: newsroom.gy
