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GY-L1075 : Program to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis Caused by COVID-19 in Guyana

Project Status: Closed

The general objective of the program is to strengthen the efficiency and effectiveness of fiscal policy and management in response to the health and economic crisis caused by COVID-19, through the design and implementation of effective and fiscally responsible policy measures. The specific objectives of the program are:(i) to promote the availability and timely execution of financial and material resources to respond to the effects of the health crisis caused by COVID-19; (ii) to strengthen the countercyclical effect of fiscal policy through the temporary introduction of measures to protect the income of vulnerable households and increase liquidity for businesses during the health and economic crisis; and (iii) support the effective and continuous provision of essential goods and services through public policy and management measures; and iv) promote economic and fiscal recovery in the post-pandemic period.

Project Detail

Project Number
GY-L1075
Project Country
Guyana
Project Sector
REFORM / MODERNIZATION OF THE STATE
Project Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Project Type
Loan Operation
Environmental and social impact category
B13
Project Status
Closed
Operation Number
5201/BL-GY

Financial Information

Project Number
GY-L1075
Project Status
Closed

IDB Financing

Financing type
FFC
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Sep/17/2021

Roles & Responsibilities

Contract signature date
Jan/22/2021

Project Information

Total Cost
USD 34,000,000
Country counterpart financing
USD 0
Amount
USD 34,000,000