Guyana - Development Policy Review : The Challenges of Governance and Growth
The 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:...
| Main Author: | |
|---|---|
| Format: | Development Policy Review (DPR) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/11/2814108/guyana-development-policy-review-challenges-governance-growth http://hdl.handle.net/10986/14662 |
| id |
okr-10986-14662 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY AID EFFECTIVENESS AUTHORITY BUSINESS CLIMATE CIVIL SOCIETY CONSTITUENCY CONSTITUTION CORRUPTION CRIME CURRENCY UNIT DEBT RELIEF DECISION-MAKING DEMOCRATIC SYSTEM DEVELOPMENT POLICY DEVELOPMENT STRATEGY DONOR COMMUNITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC SITUATION EMIGRATION EMPIRICAL RESEARCH EMPLOYMENT ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ISSUES EXCHANGE RATES EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURES EXPLOITATION EXTERNAL DEBT EXTERNAL SHOCKS FIELD WORK FINANCIAL MANAGEMENT FISCAL FISCAL INCENTIVES FISCAL POLICY FISCAL SUSTAINABILITY FOREIGN DEBT FORESTRY GOOD GOVERNANCE GOVERNANCE REFORM GOVERNMENT MINISTRIES GOVERNMENT OFFICIALS GOVERNMENT OWNERSHIP GOVERNMENT REVENUE GROWTH RATE HEADS OF STATE HEALTH INDICATORS HOUSING HUMAN DEVELOPMENT IMPORTS IMPROVING GOVERNANCE INCOME INSTITUTIONAL CAPACITY INSTITUTIONAL REFORM INTEGRATED ASSESSMENT INTEREST RATES INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE JUDICIAL DECISIONS JUDICIAL REFORM LAWS LEVELS OF GOVERNMENT LIVING STANDARDS LOCAL GOVERNMENT MACROECONOMIC STABILITY MANAGERS MARKET ECONOMY MEDIA MIGRATION MINES MINISTERS MINISTRY OF FINANCE MPS NATIONAL ACCOUNTS NATIONAL DEVELOPMENT NATIONS NATURAL RESOURCES PARLIAMENT PARTY AFFILIATION POLICY ACTIONS POLICY ENVIRONMENT POLICY REVIEW POLITICAL ECONOMY POLITICAL PARTIES POLITICAL POWER POLITICAL SYSTEM POVERTY ALLEVIATION POVERTY HEADCOUNT POVERTY LINE POVERTY REDUCTION PRESENT VALUE PRESIDENCY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCERS PRODUCTIVITY PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR PERFORMANCE PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RATIONALIZATION REDUCING POVERTY REGULATORY QUALITY REHABILITATION REPRESENTATIVES RESEARCH INSTITUTIONS RESOURCES MANAGEMENT RULE OF LAW RURAL COMMUNITIES SAFETY SERVICE DELIVERY SERVICE PROVISION SERVICE SECTOR SOCIAL CAPITAL SOCIAL DEVELOPMENT SOCIAL INDICATORS SOCIAL PERFORMANCE SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECTORS SOCIAL SERVICES SOCIAL WELFARE SOCIALISM TASK TEAM LEADER TAX LAW TAXATION TECHNICAL ASSISTANCE TRANSPARENCY VIOLENCE WAGES WORKERS DEVELOPMENT POLICY & PLANNING GOVERNANCE APPROACH ECONOMIC GROWTH POVERTY REDUCTION STRATEGIES POLITICAL ENVIRONMENT ETHNICITY CRIME STATISTICS VIOLENCE STRUCTURAL APPROACHES REFORM POLICY TAX LAW SUGAR INDUSTRY RESTRUCTURING REVENUE MOBILIZATION BUSINESS ENVIRONMENT MACROECONOMIC STABILIZATION SOCIAL CAPITAL INFRASTRUCTURE DEVELOPMENT DIVERSIFICATION COMPETITIVENESS MINING SECTOR FISCAL SUSTAINABILITY AGRICULTURAL DEVELOPMENT ENVIRONMENTAL CRITERIA INVESTMENT ENVIRONMENT PUBLIC SECTOR MANAGEMENT HUMAN RESOURCES DEVELOPMENT FORESTRY |
| spellingShingle |
ACCOUNTABILITY AID EFFECTIVENESS AUTHORITY BUSINESS CLIMATE CIVIL SOCIETY CONSTITUENCY CONSTITUTION CORRUPTION CRIME CURRENCY UNIT DEBT RELIEF DECISION-MAKING DEMOCRATIC SYSTEM DEVELOPMENT POLICY DEVELOPMENT STRATEGY DONOR COMMUNITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC SITUATION EMIGRATION EMPIRICAL RESEARCH EMPLOYMENT ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ISSUES EXCHANGE RATES EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURES EXPLOITATION EXTERNAL DEBT EXTERNAL SHOCKS FIELD WORK FINANCIAL MANAGEMENT FISCAL FISCAL INCENTIVES FISCAL POLICY FISCAL SUSTAINABILITY FOREIGN DEBT FORESTRY GOOD GOVERNANCE GOVERNANCE REFORM GOVERNMENT MINISTRIES GOVERNMENT OFFICIALS GOVERNMENT OWNERSHIP GOVERNMENT REVENUE GROWTH RATE HEADS OF STATE HEALTH INDICATORS HOUSING HUMAN DEVELOPMENT IMPORTS IMPROVING GOVERNANCE INCOME INSTITUTIONAL CAPACITY INSTITUTIONAL REFORM INTEGRATED ASSESSMENT INTEREST RATES INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE JUDICIAL DECISIONS JUDICIAL REFORM LAWS LEVELS OF GOVERNMENT LIVING STANDARDS LOCAL GOVERNMENT MACROECONOMIC STABILITY MANAGERS MARKET ECONOMY MEDIA MIGRATION MINES MINISTERS MINISTRY OF FINANCE MPS NATIONAL ACCOUNTS NATIONAL DEVELOPMENT NATIONS NATURAL RESOURCES PARLIAMENT PARTY AFFILIATION POLICY ACTIONS POLICY ENVIRONMENT POLICY REVIEW POLITICAL ECONOMY POLITICAL PARTIES POLITICAL POWER POLITICAL SYSTEM POVERTY ALLEVIATION POVERTY HEADCOUNT POVERTY LINE POVERTY REDUCTION PRESENT VALUE PRESIDENCY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCERS PRODUCTIVITY PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR PERFORMANCE PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RATIONALIZATION REDUCING POVERTY REGULATORY QUALITY REHABILITATION REPRESENTATIVES RESEARCH INSTITUTIONS RESOURCES MANAGEMENT RULE OF LAW RURAL COMMUNITIES SAFETY SERVICE DELIVERY SERVICE PROVISION SERVICE SECTOR SOCIAL CAPITAL SOCIAL DEVELOPMENT SOCIAL INDICATORS SOCIAL PERFORMANCE SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECTORS SOCIAL SERVICES SOCIAL WELFARE SOCIALISM TASK TEAM LEADER TAX LAW TAXATION TECHNICAL ASSISTANCE TRANSPARENCY VIOLENCE WAGES WORKERS DEVELOPMENT POLICY & PLANNING GOVERNANCE APPROACH ECONOMIC GROWTH POVERTY REDUCTION STRATEGIES POLITICAL ENVIRONMENT ETHNICITY CRIME STATISTICS VIOLENCE STRUCTURAL APPROACHES REFORM POLICY TAX LAW SUGAR INDUSTRY RESTRUCTURING REVENUE MOBILIZATION BUSINESS ENVIRONMENT MACROECONOMIC STABILIZATION SOCIAL CAPITAL INFRASTRUCTURE DEVELOPMENT DIVERSIFICATION COMPETITIVENESS MINING SECTOR FISCAL SUSTAINABILITY AGRICULTURAL DEVELOPMENT ENVIRONMENTAL CRITERIA INVESTMENT ENVIRONMENT PUBLIC SECTOR MANAGEMENT HUMAN RESOURCES DEVELOPMENT FORESTRY World Bank Guyana - Development Policy Review : The Challenges of Governance and Growth |
| geographic_facet |
Latin America & Caribbean Guyana |
| description |
The 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. |
| format |
Economic & Sector Work :: Development Policy Review (DPR) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Guyana - Development Policy Review : The Challenges of Governance and Growth |
| title_short |
Guyana - Development Policy Review : The Challenges of Governance and Growth |
| title_full |
Guyana - Development Policy Review : The Challenges of Governance and Growth |
| title_fullStr |
Guyana - Development Policy Review : The Challenges of Governance and Growth |
| title_full_unstemmed |
Guyana - Development Policy Review : The Challenges of Governance and Growth |
| title_sort |
guyana - development policy review : the challenges of governance and growth |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/11/2814108/guyana-development-policy-review-challenges-governance-growth http://hdl.handle.net/10986/14662 |
| _version_ |
1764428343313170432 |
| spelling |
okr-10986-146622021-04-23T14:03:17Z Guyana - Development Policy Review : The Challenges of Governance and Growth World Bank ACCOUNTABILITY AID EFFECTIVENESS AUTHORITY BUSINESS CLIMATE CIVIL SOCIETY CONSTITUENCY CONSTITUTION CORRUPTION CRIME CURRENCY UNIT DEBT RELIEF DECISION-MAKING DEMOCRATIC SYSTEM DEVELOPMENT POLICY DEVELOPMENT STRATEGY DONOR COMMUNITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ECONOMIC SITUATION EMIGRATION EMPIRICAL RESEARCH EMPLOYMENT ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ISSUES EXCHANGE RATES EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURES EXPLOITATION EXTERNAL DEBT EXTERNAL SHOCKS FIELD WORK FINANCIAL MANAGEMENT FISCAL FISCAL INCENTIVES FISCAL POLICY FISCAL SUSTAINABILITY FOREIGN DEBT FORESTRY GOOD GOVERNANCE GOVERNANCE REFORM GOVERNMENT MINISTRIES GOVERNMENT OFFICIALS GOVERNMENT OWNERSHIP GOVERNMENT REVENUE GROWTH RATE HEADS OF STATE HEALTH INDICATORS HOUSING HUMAN DEVELOPMENT IMPORTS IMPROVING GOVERNANCE INCOME INSTITUTIONAL CAPACITY INSTITUTIONAL REFORM INTEGRATED ASSESSMENT INTEREST RATES INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE JUDICIAL DECISIONS JUDICIAL REFORM LAWS LEVELS OF GOVERNMENT LIVING STANDARDS LOCAL GOVERNMENT MACROECONOMIC STABILITY MANAGERS MARKET ECONOMY MEDIA MIGRATION MINES MINISTERS MINISTRY OF FINANCE MPS NATIONAL ACCOUNTS NATIONAL DEVELOPMENT NATIONS NATURAL RESOURCES PARLIAMENT PARTY AFFILIATION POLICY ACTIONS POLICY ENVIRONMENT POLICY REVIEW POLITICAL ECONOMY POLITICAL PARTIES POLITICAL POWER POLITICAL SYSTEM POVERTY ALLEVIATION POVERTY HEADCOUNT POVERTY LINE POVERTY REDUCTION PRESENT VALUE PRESIDENCY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCERS PRODUCTIVITY PUBLIC FUNDS PUBLIC INSTITUTIONS PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR PERFORMANCE PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING RATIONALIZATION REDUCING POVERTY REGULATORY QUALITY REHABILITATION REPRESENTATIVES RESEARCH INSTITUTIONS RESOURCES MANAGEMENT RULE OF LAW RURAL COMMUNITIES SAFETY SERVICE DELIVERY SERVICE PROVISION SERVICE SECTOR SOCIAL CAPITAL SOCIAL DEVELOPMENT SOCIAL INDICATORS SOCIAL PERFORMANCE SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL SECTORS SOCIAL SERVICES SOCIAL WELFARE SOCIALISM TASK TEAM LEADER TAX LAW TAXATION TECHNICAL ASSISTANCE TRANSPARENCY VIOLENCE WAGES WORKERS DEVELOPMENT POLICY & PLANNING GOVERNANCE APPROACH ECONOMIC GROWTH POVERTY REDUCTION STRATEGIES POLITICAL ENVIRONMENT ETHNICITY CRIME STATISTICS VIOLENCE STRUCTURAL APPROACHES REFORM POLICY TAX LAW SUGAR INDUSTRY RESTRUCTURING REVENUE MOBILIZATION BUSINESS ENVIRONMENT MACROECONOMIC STABILIZATION SOCIAL CAPITAL INFRASTRUCTURE DEVELOPMENT DIVERSIFICATION COMPETITIVENESS MINING SECTOR FISCAL SUSTAINABILITY AGRICULTURAL DEVELOPMENT ENVIRONMENTAL CRITERIA INVESTMENT ENVIRONMENT PUBLIC SECTOR MANAGEMENT HUMAN RESOURCES DEVELOPMENT FORESTRY The 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. 2013-07-30T20:50:13Z 2013-07-30T20:50:13Z 2003-11-06 http://documents.worldbank.org/curated/en/2003/11/2814108/guyana-development-policy-review-challenges-governance-growth http://hdl.handle.net/10986/14662 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Development Policy Review (DPR) Economic & Sector Work Latin America & Caribbean Guyana |