Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, has credited private sector investment and the productivity of Guyanese workers for Guyana’s continued economic expansion, as the International Monetary Fund (IMF) recognises the country’s strong oil and non-oil activity.
In a statement published on his official Facebook page on Friday, Dr Singh acknowledged businesses that continue to invest confidently in Guyana and expand the production of goods and services.
“I want to acknowledge the role that was played by the private sector by continuing to invest so confidently and boldly in Guyana and by continuing to expand their production of goods and services, which is really what underlies this economic growth,” the minister stated.
He also recognised workers across the country, noting that their contributions remain central to national development and future opportunities.
The IMF noted that prudent macroeconomic policies, rising oil revenues and strong public and private investment underpin the country’s performance.
“Guyana’s economy continues to grow rapidly, driven by strong oil and non-oil activity, with the outlook remaining highly favorable,” the institution stated, while calling for continued diversification and inclusive development.
Dr. Singh also reaffirmed the government’s commitment to human capital development during the Human Capital Ministerial Conclave in Bangkok, Thailand, held as part of the 2026 Annual Meetings of the IMF and World Bank Group.
The conclave, led by World Bank Vice President for People (Human Development) Mamta Murthi, focused on investing in people and expanding economic opportunities.
Dr Singh reported that 156,000 jobs had been created over the past five years, contributing to a 50 per cent reduction in unemployment. [DPI]
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