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Action Plan C&D
Action Plan C&D

Project Detail

Country

Guyana

Project Number

GY-T1160

Approval Date

January 2, 2019

Project Status

Closed

Project Type

Technical Cooperation

Sector

OTHER

Subsector

OTHER

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 492,676.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 492,676.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-17219-GY Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-17219-GY
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable
Blogs
Published 2023
A bird’s eye view on project execution in Guyana
During the pandemic, the IDB Country Office in Guyana embraced drone technology to advance project supervision, an innovative way of yielding greater value in project execution. “What date was that picture taken?” asks the contractor looking at an image of a road construction project in Georgetown, Guyana. “On May 4,” the Inter-American Development Bank (IDB)
Blogs
Published 2022
Partnering with the police to end gender-based violence
Before joining the Inter-American Development Bank (IDB), I was a journalist working in the Caribbean. The police were among the key stakeholders with whom I interacted almost daily. Even with this close ‘working relationship’ I realised that I had—until recently—very limited knowledge about the work of law enforcement. This may be true for most people
Blogs
Published 2021
What can Caribbean countries do to accelerate financial development?
Financial development is crucial for economic growth, poverty reduction, reducing inequality, and a number of other important social outcomes. Caribbean countries have historically lagged in a number of related areas, and our new chapter in Economic Institutions for a Resilient Caribbean—entitled: Financial Development in the Caribbean—focuses on how countries in the region compare to peers
Blogs
Published 2019
Dorian y Las Bahamas: Cuando el huracán llega a casa
Artículo publicado originalmente en inglés en Caribbean DEVTrends+. A través de la ventana de un avión, es fácil ver por qué el mundo llama a este lugar Paraíso. Viajo a menudo por trabajo y desde mi asiento en el cielo he llegado a conocer la hermosa topografía del Caribe: el verde exuberante de Guyana,
Blogs
Published 2020
Bucking the trend: Why institutions matter in Guyana’s hydrocarbon sector
Many countries have used natural resources extraction to realize energy independence, as well as strong economic and social outcomes. However, for every success story there are sobering lessons for new producers, such as Guyana. Lessons premised on the principles of proactive and coherent petroleum sector governance, inclusive policy formulation, and social accountability. In 2015, a
Blogs
Published 2019
When it hits home
Through an airplane window, it’s easy to see why the world calls this place Paradise. I travel often for work and from my seat in the sky I have come to know the beautiful topography of the Caribbean: Guyana’s lush green, Barbados’ turquoise shores, Trinidad’s northern range. Each landscape is unique; all different members of
Blogs
Published 2022
How community involvement contributes to inclusive program delivery in Guyana
Engaging beneficiary communities in program planning and coordination is key for inclusive and sustainable development. In Guyana where urban and hinterland settlements scatter across 83,000 square miles, meaningful engagements require careful strategies that consider cultural and geographical diversities. Given that most indigenous peoples live in the sparsely populated hinterland, programs rely upon the Inter-American Development
Blogs
Published 2020
Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive
Guyana’s economy is on the verge of a historic transformation following recent oil discoveries. Financial sector development and inclusion will be crucial to maximize the benefits of faster growth and increased revenues. However, financial access and inclusion in the country are lagging, which hinders firms’ productivity and performance. A new publication from IDB economists Victor
Publications
Published 2019
Caribbean Region Quarterly Bulletin: Volume 8 Issue 1: March 2019
The March 2019 Caribbean Region Quarterly Bulletin focuses on a specific challenge for the Caribbean economies – insufficient financial inclusion, which can hold back growth, development, and efforts to reduce poverty. Emerging research suggests positive linkages between financial depth, access to finance, and development outcomes, including economic growth and poverty reduction. For firms – particularly small and newly established enterprises – access to financial services is associated with stronger innovation, job creation, and growth performance. Other research also finds a strong positive relationship between financial inclusion and income equality. In this context, many countries around the world have begun to design financial development and inclusion strategies and polices with the aim of supporting faster and more inclusive economic growth. The regional and country-specific briefs in this Quarterly Bulletin focus on these issues in an effort to go beyond the headline data and examine the key factors that may be holding back financial development, access, and inclusion in the Caribbean. The analysis considers a number of related indicators linked to common challenges facing small and medium-sized enterprises and individuals in accessing credit and financial services. Related policy initiatives and options are also explored, with a view to highlighting country-specific recommendations with the potential to support broader financial access and inclusion.
Blogs
Published 2020
COVID-19, The Caribbean Crisis
COVID-19 is taking an unprecedented (albeit still unknown) toll on Caribbean region’s economic growth. According to the recently published Caribbean Quarterly Bulletin, the decline in the tourism industry will particularly affect The Bahamas, Barbados and Jamaica. Plummeting international commodity prices are having severe consequences in Guyana, Suriname and Trinidad and Tobago. The crisis is impacting
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