Guyana: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

June 28, 2017

Preview Citation

Format: Chicago

Guyana: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights the expansion of Guyana’s real economic activity by 3.3 percent in 2016. Subdued agricultural commodity prices, bad weather, and delays in public investment weighed down activity, while large increases in gold output helped support growth. Consumer prices increased by 1.5 percent in the 12 months ending in December 2016 as weather-related shocks to food prices reversed the deflationary trend. The macroeconomic outlook is positive for 2017 and the medium term. Growth is projected at 3.5 percent in 2017, supported by an increase in public investment, continued expansion in the extractive sector, and a recovery in rice production.

Subject: Agricultural commodities, Banking, Commodities, Economic sectors, External debt, Public and publicly-guaranteed external debt, Public debt, Public sector

Keywords: Agricultural commodities, Authorities' action, Authority, Caribbean, CR, Debt, Deficit, GDP ratio, Guyanese authorities, ISCR, IT system, Public and publicly-guaranteed external debt, Public sector, U.S. dollar

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/175
Stock No:

1GUYEA2017001
ISBN:

9781484305768
ISSN:

1934-7685

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