While Guyana’s outlook remains positive for 2011, the International Monetary Fund has warned about lagging sugar productivity, the need for sweeping reforms in the NIS and careful monitoring of the fiscal risks associated with the Amaila Falls Hydro Project.
In its March 4 Public Information Notice (PIN), the IMF said that Guyana’s outlook remains positive for 2011, which it noted was an election year, and through the medium term. It posited that road works, construction of the Amaila Falls Hydro Project (AFHP), and implementation of the Low Carbon Development Strategy (LCDS) should maintain growth levels above the long-run trend of three per cent, at around five per cent over the medium term. This growth it sees tapering off in 2015 as one-off projects such as
