The International Monetary Fund (IMF) has said Guyana remains at the forefront of market-based forest conservation while advancing its transition to a cleaner and more cost-effective energy mix through its Low Carbon Development Strategy (LCDS) 2030.

In its concluding statement following an Article IV mission, the Fund welcomed the government’s commitment to strengthening resilience to climate-related risks and protecting biodiversity – all key elements of the national development strategy.

The IMF also highlighted the Gas-to-Energy project, saying it is expected to significantly reduce reliance on fuel-based electricity generation by 2027. As electricity demand expands, the project is expected to lower energy costs and support Guyana’s long-term competitiveness.