IMF to Guyana: Close gaps in anti-money laundering regime
While acknowledging the country’s fiscal progress over the years, the International Monetary Fund (IMF) has called on Government to ensure that hydro power remains financially and economically viable as a means of more stable and reliable energy and to address the remaining gaps in the anti-money laundering regime.
This is according to the 2013 Article IV Consultations with Guyana, the report of which was released yesterday. It referred to the now stalled Amaila Falls Hydroelectric Project, whose investors pulled out in August citing lack of consensus.
“Acknowledging the potential benefits of a more stable and reliable source of energy, Directors encouraged the authorities to ensure that the large hydroelectric project …..To continue reading, login or subscribe now.