Guyana : 2013 Article IV Consultation - Staff Report; Press Release.
Title:
Guyana : 2013 Article IV Consultation - Staff Report; Press Release.
Author:
Dept., International Monetary Fund. Western Hemisphere.
ISBN:
9781498332507
Personal Author:
Physical Description:
1 online resource (75 pages)
Series:
IMF Staff Country Reports ; v.Country Report No. 14/294
IMF Staff Country Reports
Contents:
Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Policy Framework to Contain Fiscal Risks and Protect Debt Sustainability -- B. A Framework to Anchor Prices and Protect Financial Stability -- C. Agenda for Supporting Sustainable Growth and Poverty Reduction -- D. Measures to Improve Official Data -- STAFF APPRAISAL -- BOXES -- 1. Authorities' Response to Past IMF Policy Recommendations -- 2. External Stability Assessment -- FIGURES -- 1. Comparative Regional Developments -- 2. Real Sector Indicators -- 3. External Sector Developments -- 4. Fiscal Sector Developments -- 5. Financial Soundness Indicators -- 6. Monetary Developments -- TABLES -- 1. Selected Social and Economic Indicators -- 2. Balance of Payments -- 3a. Nonfinancial Public Sector Operations (In Billions of Guyanese Dollars) -- 3b. Nonfinancial Public Sector Operations (In Percent of GDP) -- 3c. Nonfinancial Public Sector Operations (GFSM 2001 Format) -- 4. Summary Account of the Bank of Guyana and Monetary Survey -- 5. External Financing Requirements and Sources -- 6. Indicators of External and Financial Vulnerability -- 7. Medium-Term Balance of Payments -- 8. Risk Assessment Matrix -- 9. Macro Framework.
Abstract:
The economy has experienced seven consecutive years of robust growth, buoyed by high commodity prices, foreign direct investment and expansion of private sector credit. As part of a strategy to sustain growth, reduce poverty and curtail dependence on imported oil, the authorities are pursuing the Amaila Falls Hydro-electric Project (AFHP), entailing investment of about 30 percent of GDP. However, steps by Parliament that delayed important approvals led the private sector partner to withdraw, which could delay the project while additional financing is sought. Meanwhile, public debt remains high-around 60 percent of GDP-limiting the room to finance inclusive growth.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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