Energy

The IMF thinks this country will see growth of 86% in 2020

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River taxis wait for customers at the dock in the town of Bartica, Guyana on June 6, 2016. Bartica is a town at the confluence of two major rivers and is the launching point for people who work in the jungle regions, mining gold and diamonds.

ANDREW CABALLERO-REYNOLDS | AFP | Getty Images

The International Monetary Fund (IMF) believes one of South America’s smallest countries is likely to see a dramatic upswing in economic growth next year.

Guyana, a country of about 780,000 which shares a border with Brazil, Suriname and Venezuela in the northeast of South America, will see economic growth of 86% in 2020, according to the IMF. That’s up from 4.4% in 2019.

Such an explosive expansion of…



Source cnbc.com

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