ON Wednesday, Gail Teixeira, Minister of Parliamentary Affairs and Governance, held a meeting with a team from the International Monetary Fund (IMF) at the Ministry’s office in Queenstown. This meeting was part of the IMF’s annual Article IV consultation process, which is crucial for assessing the economic and financial policies of member countries, including Guyana.

The IMF’s role includes monitoring these policies, providing valuable policy advice, identifying potential risks, and recommending necessary policy adjustments. The discussions during the consultations cover a comprehensive range of issues, such as fiscal policy, financial policies, foreign exchange, monetary policy, and structural policies, which are essential for sustaining economic growth and stability.

Guyana has established a strong and co-operative relationship with the IMF, and the Article IV consultations are a key component of this partnership. The process culminates in the publication of a report detailing the country’s progress, which is instrumental in bolstering Guyana’s anti-corruption framework on an international scale.

Minister Teixeira emphasised the importance of these consultations in guiding Guyana’s economic strategy and ensuring transparency and accountability in governance. The ongoing collaboration with the IMF highlights Guyana’s commitment to maintaining sound economic practices and fostering a robust financial environment.