|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Caribbean

Guyana’s Economy Grew 3% in 2015, IMF Says

SAN JUAN – Guyana’s gross domestic product grew 3 percent in 2015 despite lower prices for its commodity exports and delays in budget implementation as a result of general elections, the International Monetary Fund said in a statement.

The IMF, which sent a mission to Georgetown last week to meet with government officials, said the Guyanese economy remains “resilient” and that it expects improved growth this year, supported by an increase in gold production and public investment.

For 2016, the mission projects 4 percent GDP growth as the economy becomes more diversified thanks to new projects in the areas of transportation, telecommunications infrastructure and renewable energy.

“The authorities have an ambitious investment strategy for environmentally sustainable and socially inclusive growth,” the IMF said.

In 2015, according to the IMF, “lower prices reduced the cost of fuel imports, which more than offset the impact of lower commodity export prices, reducing the current account deficit to 4.6 percent of GDP in 2015 from 10.8 percent in 2014.”

The IMF mission, led by Marcos Chamon, also noted the improved financial performance of Guyana Power and Light and reforms to the Guyana Sugar Corporation.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved