The IMF says that Guyana’s economy continues to be resilient with impressive growth of 5% last year but it cautioned that the authorities need to accelerate reforms of the power company, GuySuCo and the NIS.
In a statement yesterday following its yearly review of the economy, the IMF also adverted to power subsidies, a heated topic in the wake of ongoing protests in Linden. The IMF said that the government should intensify fiscal consolidation by reassessing the high level of energy subsidies and “implementing more targeted social safety nets.” While the government has insisted that the power subsidy for Linden must be cut it has been argued by critics that it has not eased the burden of Lindeners by providing jobs or a social safety net.
The IMF’s mission visited from July 17, the day before
