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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...

IMF team in Guyana advising on Fiscal Responsibility Framework

Guyana is continuing to receive support from international organizations in the development of policies to successfully manage the emerging Oil and Gas sector, with...

Oil will convert Guyana’s deficit to surplus – IMF

The International Monetary Fund (IMF) said that Guyana’s external outlook remains favourable and is expected to improve with the start of oil production. The IMF...