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GUYANA’S OIL ECONOMY TO DOUBLE THIS YEAR IMF

The International Monetary Fund (IMF) has projected that the size of Guyana’s oil economy will double this year while the country will experience an overall growth rate of nearly 60 per cent. While it is believed that the effective use of Guyana’s newfound oil wealth will improve citizen’s living standards, the body, in a recent report, stated that sound fiscal and monetary policies are needed to support the country’s growth. More in this report…

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