Central bank financing spells trouble for Guyana – IMF

Guayana parliament building in Georgetown

The International Monetary Fund has warned Guyana’s authorities to “carefully manage” their short-term financing, and not rely on the central bank for funds.

“Private external borrowing should continue to be avoided, and central bank financing should not be used at all,” the IMF’s directors said in the country’s latest Article IV consultation.

Since March this year, the Guyanese government has maintained an outstanding balance at the central bank of around 6% of GDP, an increase of 3% from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.