The IMF commended Guyana’s economic management and supported the government’s sustainable development policies. Vice President Jagdeo emphasized the IMF’s credibility and analyzed the agency’s positive remarks during a press conference, noting the importance of adhering to macroeconomic stability and targeted social policies.
The International Monetary Fund (IMF) has recently praised Guyana’s economic management, with Vice President Dr. Bharrat Jagdeo affirming the organization’s technical competence during a press conference. Jagdeo emphasized the supportive stance of the IMF regarding Guyana’s policies, particularly their sustainable economic management framework.
In its latest report, the IMF acknowledged Guyana’s commitment to macroeconomic stability and fiscal sustainability. The report highlighted the need for careful monitoring of trends to prevent any potential imbalances as the economy grows. The IMF is particularly supportive of social transfer policies that enhance disposable income and reduce poverty, suggesting further targeted interventions for sustainable development.
Jagdeo reiterated the IMF’s credibility, asserting that the organization’s thorough evaluations surpass those of local politically-aligned analysts. He praised their fair assessment of Guyana’s development strategies and recognized the IMF’s active engagement in the country through its team of economists.
The IMF’s endorsement of Guyana’s economic strategies highlights the country’s commitment to sustainable development and macroeconomic stability. With ongoing support for social policies aimed at poverty reduction, the government is encouraged to continue monitoring economic conditions closely. Vice President Jagdeo’s remarks underscore the IMF’s authority and its valuable contributions to Guyana’s economic planning.
Original Source: newsroom.gy
