IMF looking for steps to ensure Amaila hydro project viable

While lauding the country for another year of robust growth, the International Monetary Fund (IMF) has added its voice to concerns about ensuring that the Amaila Falls Hydropower Project (AFHP) is economically viable.

In a statement yesterday on the conclusion of its Article IV consultation with Guyana on November 9, the IMF offered its assessment of the economy, saying among other things that it looked forward to measures for the boosting of the efficiency of public enterprises and to ensure that the AFHP is feasible.

The statement said that the IMF Directors recommended “careful consideration of the risks and contingent liabilities arising from that …..To continue reading, login or subscribe now.



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