Introduction

A report compiled last November by the staff of the IMF in which two officials of the World Bank participated predicts a brighter future for Guyana despite the challenges, risks and threats to the economy. The exercise is done annually under Article IV of the IMF’s Articles of Agreement which requires it to hold bilateral discussions with members, usually every year.

The report was based on information available at the time of these discussions and completed on January 5, 2011 some days before the 2011 National Budget. Surprisingly it took close to six months for the report…..