Tag Archives: Guyana: Local economy can expand by 86% in 2020 – IMF

Guyana: Local economy can expand by 86% in 2020 – IMF

DPI, Guyana, Monday, November 4, 2019 – GovernmentMinistry of Finance,

Guyana can see its economy grow by a further 86% next year after expanding by 4.4% this year, according to the International Monetary Fund (IMF). That is 14 times the projected pace of China and driven by ExxonMobil’s discovery and production of oil.

“We’re moving from a very low base to a stratospheric leap,” Minister of Finance Winston Jordan said in an invited comment.

While Guyana’s annual gross domestic product (GDP) is $4 Billion, it will expand to about $15 Billion by 2024, according to the IMF.        Continue reading

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