{"id":12738,"date":"2023-09-14T22:27:35","date_gmt":"2023-09-14T22:27:35","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=12738"},"modified":"2023-09-14T22:27:36","modified_gmt":"2023-09-14T22:27:36","slug":"imf-evaluation-highlights-prudent-fiscal-management-says-analyst-joel-bhagwandin","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/imf-evaluation-highlights-prudent-fiscal-management-says-analyst-joel-bhagwandin\/","title":{"rendered":"IMF Evaluation Highlights Prudent Fiscal Management, Says Analyst Joel Bhagwandin"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>Financial analyst Joel Bhagwandin commended the recent evaluation statement from the International Monetary Fund (IMF), emphasizing its affirmation of the Guyana government&#8217;s commitment to sound fiscal management. Bhagwandin underscored that the evaluation effectively captures the genuine progress underway in the country&#8217;s development.<\/p>\n\n\n\n<p>According to Bhagwandin, the IMF&#8217;s assessment is a clear and positive endorsement of the government&#8217;s initiatives, particularly in the realms of infrastructure development and diversification away from the oil sector. He emphasized the necessity of maintaining a balanced fiscal approach, acknowledging that such endeavors demand more than a zero percent fiscal deficit relative to the GDP.<\/p>\n\n\n\n<p>Bhagwandin pointed out that the recent IMF assessment reflects an enhanced understanding of the government&#8217;s strategies, which have been pivotal in sustaining the nation&#8217;s growth. He commended the government&#8217;s discipline in managing recurrent expenses, even amid ambitious capital projects.<\/p>\n\n\n\n<p>The IMF&#8217;s evaluation also acknowledged the government&#8217;s fiscal policies as aptly aligned with the country&#8217;s development imperatives and economic slack. The report recommended vigilant monitoring of macroeconomic and financial indicators, along with the adoption of appropriate macroprudential tools when necessary.<\/p>\n\n\n\n<p>Furthermore, the IMF applauded Guyana&#8217;s Low Carbon Development Strategy (LCDS) framework and the updated Anti-Money Laundering and Countering the Financing of Terrorism Act (AML-CFT Act). The report also recognized efforts to enhance financial transparency through initiatives like the Natural Resource Finance Act. Additionally, the IMF highlighted strides made in reducing unemployment and fostering a conducive business climate.<\/p>\n\n\n\n<p>This IMF evaluation serves as a significant validation of the government&#8217;s prudent fiscal management, demonstrating a clear commitment to sustainable economic progress.<\/p>\n\n\n\n<p><em><strong>Reporter for NCN News: Delicia Janneire<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial analyst Joel Bhagwandin commended the recent evaluation statement from the International Monetary Fund (IMF), emphasizing its affirmation of the Guyana government&#8217;s commitment to sound fiscal management. Bhagwandin underscored that&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350],"tags":[],"class_list":["post-12738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/12738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=12738"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/12738\/revisions"}],"predecessor-version":[{"id":12740,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/12738\/revisions\/12740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/12739"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=12738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=12738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=12738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}