Guyana - Development Policy Review : The Challenges of Governance and Growth

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dc.creatorWorld Bank
dc.date2013-07-30T20:50:13Z
dc.date2013-07-30T20:50:13Z
dc.date2003-11-06
dc.date.accessioned2026-07-01T01:10:15Z
dc.descriptionThe objective of this Development Policy Review, is to provide an up-to-date, integrated assessment of Guyana's development policy agenda, with the main focus on governance, growth, and poverty alleviation. The report consists of three parts: assessment of development outcomes, discussion of the development policy agenda, and, assessment of the medium-term outlook. It discusses some of the key political economy issues, critical to this review - ethnic and political tensions, as well as the surge in crime and violence. The report draws on the extensive wealth of existing analysis, within, and outside the Bank, and, highlights critical areas where further research is needed. Among the key structural measures adopted recently, are the amendment of the tax law, and of the procurement law, and the start of implementation of the sugar restructuring program. These achievements come on top of progress made in other reform areas, since the adoption of the Poverty Reduction Strategy Paper (PRSP) in 2001. The pressing issue is the implementation of the remaining reform agenda. The PRSP needs to be updated, as the economic situation has since deteriorated, with economic growth rate, and government revenue collection much lower than anticipated. Radical improvement in the business climate, namely through macroeconomic stability, better governance, and improved social capital, and physical infrastructure; diversification of the economic base into high-value, competitive activities; and, the restructuring of the traditional sectors - mining and sugar - are necessary conditions for a better economic outlook. Specifically, attaining fiscal and debt sustainability, revitalizing agriculture, restructuring the mining sector, promoting an investment climate, improving public sector management, and investing in human development, should stand at the forefront of the development agenda.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2003/11/2814108/guyana-development-policy-review-challenges-governance-growth
dc.identifierhttps://hdl.handle.net/10986/14662
dc.identifierhttps://doi.org/10.1596/14662
dc.identifier.urihttp://hdl.handle.net/123456789/415790
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTABILITY
dc.subjectAID EFFECTIVENESS
dc.subjectAUTHORITY
dc.subjectBUSINESS CLIMATE
dc.subjectCIVIL SOCIETY
dc.subjectCONSTITUENCY
dc.subjectCONSTITUTION
dc.subjectCORRUPTION
dc.subjectCRIME
dc.subjectCURRENCY UNIT
dc.subjectDEBT RELIEF
dc.subjectDECISION-MAKING
dc.subjectDEMOCRATIC SYSTEM
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDONOR COMMUNITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC SITUATION
dc.subjectEMIGRATION
dc.subjectEMPIRICAL RESEARCH
dc.subjectEMPLOYMENT
dc.subjectENVIRONMENTAL DEGRADATION
dc.subjectENVIRONMENTAL ISSUES
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE MANAGEMENT
dc.subjectEXPENDITURES
dc.subjectEXPLOITATION
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL SHOCKS
dc.subjectFIELD WORK
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFISCAL
dc.subjectFISCAL INCENTIVES
dc.subjectFISCAL POLICY
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFOREIGN DEBT
dc.subjectFORESTRY
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE REFORM
dc.subjectGOVERNMENT MINISTRIES
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT REVENUE
dc.subjectGROWTH RATE
dc.subjectHEADS OF STATE
dc.subjectHEALTH INDICATORS
dc.subjectHOUSING
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPORTS
dc.subjectIMPROVING GOVERNANCE
dc.subjectINCOME
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL REFORM
dc.subjectINTEGRATED ASSESSMENT
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIAL DECISIONS
dc.subjectJUDICIAL REFORM
dc.subjectLAWS
dc.subjectLEVELS OF GOVERNMENT
dc.subjectLIVING STANDARDS
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANAGERS
dc.subjectMARKET ECONOMY
dc.subjectMEDIA
dc.subjectMIGRATION
dc.subjectMINES
dc.subjectMINISTERS
dc.subjectMINISTRY OF FINANCE
dc.subjectMPS
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONS
dc.subjectNATURAL RESOURCES
dc.subjectPARLIAMENT
dc.subjectPARTY AFFILIATION
dc.subjectPOLICY ACTIONS
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY REVIEW
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL PARTIES
dc.subjectPOLITICAL POWER
dc.subjectPOLITICAL SYSTEM
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY HEADCOUNT
dc.subjectPOVERTY LINE
dc.subjectPOVERTY REDUCTION
dc.subjectPRESENT VALUE
dc.subjectPRESIDENCY
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INSTITUTIONS
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectPUBLIC SECTOR PERFORMANCE
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectRATIONALIZATION
dc.subjectREDUCING POVERTY
dc.subjectREGULATORY QUALITY
dc.subjectREHABILITATION
dc.subjectREPRESENTATIVES
dc.subjectRESEARCH INSTITUTIONS
dc.subjectRESOURCES MANAGEMENT
dc.subjectRULE OF LAW
dc.subjectRURAL COMMUNITIES
dc.subjectSAFETY
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE PROVISION
dc.subjectSERVICE SECTOR
dc.subjectSOCIAL CAPITAL
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL INDICATORS
dc.subjectSOCIAL PERFORMANCE
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECTOR
dc.subjectSOCIAL SECTOR EXPENDITURES
dc.subjectSOCIAL SECTORS
dc.subjectSOCIAL SERVICES
dc.subjectSOCIAL WELFARE
dc.subjectSOCIALISM
dc.subjectTASK TEAM LEADER
dc.subjectTAX LAW
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSPARENCY
dc.subjectVIOLENCE
dc.subjectWAGES
dc.subjectWORKERS DEVELOPMENT POLICY & PLANNING
dc.subjectGOVERNANCE APPROACH
dc.subjectECONOMIC GROWTH
dc.subjectPOVERTY REDUCTION STRATEGIES
dc.subjectPOLITICAL ENVIRONMENT
dc.subjectETHNICITY
dc.subjectCRIME STATISTICS
dc.subjectVIOLENCE
dc.subjectSTRUCTURAL APPROACHES
dc.subjectREFORM POLICY
dc.subjectTAX LAW
dc.subjectSUGAR INDUSTRY
dc.subjectRESTRUCTURING
dc.subjectREVENUE MOBILIZATION
dc.subjectBUSINESS ENVIRONMENT
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectSOCIAL CAPITAL
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectDIVERSIFICATION
dc.subjectCOMPETITIVENESS
dc.subjectMINING SECTOR
dc.subjectFISCAL SUSTAINABILITY
dc.subjectAGRICULTURAL DEVELOPMENT
dc.subjectENVIRONMENTAL CRITERIA
dc.subjectINVESTMENT ENVIRONMENT
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectHUMAN RESOURCES DEVELOPMENT
dc.subjectFORESTRY
dc.titleGuyana - Development Policy Review : The Challenges of Governance and Growth

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