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Avoid white elephants, bad spending and address the people’s needs –...

Guyana, as a newcomer to the league of oil producing nations, is in a unique position to learn from and avoid the many mistakes...

ExxonMobil Guyana contract consistent with other countries – IMF Mission Chief

International Monetary Fund (IMF) Mission Chief to Guyana, Dr. Arnold McIntyre, says there is nothing unusual about the Production Sharing Agreement (PSA) which the...

IMF urges implementation of EITI report recommendations to strengthen governance

The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for...

Oil will account for 40 percent of Guyana’s GDP by 2024...

The International Monetary Fund (IMF) has called Guyana’s medium-term prospects “very favourable” as the South American country prepares for oil production in early 2020....

Favourable prospects provide opportunity for Guyana to scale-up infrastructure, other spending...

With oil production on the horizon, the International Monetary Fund (IMF) says the medium-term prospects for the South American country of Guyana are ‘very...

Positive IMF global growth forecasts propel oil prices upwards

Oil prices rose last week, after several significant political and economic developments around the world, including Saudi Arabia's suspension of oil shipments through a strait in...

Additional oil discoveries have improved Guyana’s outlook – IMF

The International Monetary Fund (IMF) said on Friday that additional oil discoveries made by US oil major ExxonMobil off the Guyana coast have served...

IMF gives Guyana thumbs up on fiscal prep for oil

The International Monetary Fund (IMF) on Wednesday said it welcomed the progress being made in Guyana on establishing a comprehensive fiscal framework for managing...

Guyana to take IMF’s recommendation on petroleum taxation on board

Guyana will be taking on board some of the recommendations made by the International Monetary Fund (IMF) recently with regards the modernizing of its...

Modest O&G royalty protects against distorted investments, production levels – IMF

The International Monetary Fund (IMF) has found that Guyana’s royalty rate of two percent for its Stabroek Block, while seen as modest, will in...