Even as Guyana ramps up investment in infrastructure, jobs and economic transformation, the International Monetary Fund (IMF) says the government has maintained one of the lowest debt levels in the hemisphere.
Following its latest mission to assess Guyana’s economic performance, the financial institution described the government’s borrowing strategy as “prudent”. It also said the risk of distress from any future borrowing is assessed as low.
The IMF further praised the government’s disciplined management of the nation’s finances, stating that its policies have enabled substantial oil revenue savings in the Natural Resource Fund (NRF), while maintaining “one of the lowest debt-to-GDP ratios in the hemisphere.”
The financial institution added that its staff will continue to engage with Guyanese authorities on the country’s development priorities in the years ahead.