-structural reforms to financial system needed
The Executive Board of the IMF has lauded the authorities here for a second consecutive year of real GDP growth but said that adherence to the fiscal strategy will require a lowering of expenditure at GPL, GuySuCo and the NIS.
The International Monetary Fund (IMF) yesterday released its Public Information Notice (PIN) on its 2007 Article IV consultation on Guyana.
It said that directors also encouraged the Government to supplement the ongoing sugar modernisation programme with administrative reforms, and welcomed the Government’s efforts to diversity the sugar product and its export markets. “They also supported the authorities’ efforts to deepen customs reform, strengthen the rule of law and the judiciary, and further reduce the perception of corruption,” the PIN said.
