This is likely to be available to the country in the short term, Central Bank Governor Ajith Nivard Cabraal said.

The targets that had been set – and achieved – related to the country’s net international reserves, reserve money and net deficit financing (NDF) relating to government borrowing for purposes of the budget.

Analysts pointed out that control of NDF, by pre-empting government borrowing, made more money available to the private sector.

Cabraal explained that the reference to "net international reserves’’ excluded borrowings – reserves that have built up due to loans that had been obtained.

Data available for up to the first quarter of this year suggests 6% GDP growth with a favourable monetary outlook down the road.