South Africa: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa
International Monetary Fund. African Dept.
Jul 2016 · International Monetary Fund
Ebook
93
Pages
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About this ebook
This paper discusses the economic developments, outlook, risks, and policies—necessary to boost growth—for Guyana. Guyana’s economy continues to grow, despite headwinds. The steep decline in international oil prices narrowed the 2015 current account deficit, while the balance of payments deficit remained due to weaker capital inflows. In the baseline scenario, growth increases to 4 percent in 2016, supported by the recovery in public investment and the effect from gold mines that began production in late 2015 and are projected to contribute 1.7 percentage points to growth. The growth in current expenditures should be moderated, the tax base broadened, and nonconcessional financing avoided.
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