World Bank2013-07-302013-07-302003-11-06https://hdl.handle.net/10986/14662The 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.en-USCC BY 3.0 IGOACCOUNTABILITYAID EFFECTIVENESSAUTHORITYBUSINESS CLIMATECIVIL SOCIETYCONSTITUENCYCONSTITUTIONCORRUPTIONCRIMECURRENCY UNITDEBT RELIEFDECISION-MAKINGDEMOCRATIC SYSTEMDEVELOPMENT POLICYDEVELOPMENT STRATEGYDONOR COMMUNITYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC MANAGEMENTECONOMIC PERFORMANCEECONOMIC SITUATIONEMIGRATIONEMPIRICAL RESEARCHEMPLOYMENTENVIRONMENTAL DEGRADATIONENVIRONMENTAL ISSUESEXCHANGE RATESEXPENDITUREEXPENDITURE MANAGEMENTEXPENDITURESEXPLOITATIONEXTERNAL DEBTEXTERNAL SHOCKSFIELD WORKFINANCIAL MANAGEMENTFISCALFISCAL INCENTIVESFISCAL POLICYFISCAL SUSTAINABILITYFOREIGN DEBTFORESTRYGOOD GOVERNANCEGOVERNANCE REFORMGOVERNMENT MINISTRIESGOVERNMENT OFFICIALSGOVERNMENT OWNERSHIPGOVERNMENT REVENUEGROWTH RATEHEADS OF STATEHEALTH INDICATORSHOUSINGHUMAN DEVELOPMENTIMPORTSIMPROVING GOVERNANCEINCOMEINSTITUTIONAL CAPACITYINSTITUTIONAL REFORMINTEGRATED ASSESSMENTINTEREST RATESINTERNATIONAL DEVELOPMENTINVESTMENT CLIMATEJUDICIAL DECISIONSJUDICIAL REFORMLAWSLEVELS OF GOVERNMENTLIVING STANDARDSLOCAL GOVERNMENTMACROECONOMIC STABILITYMANAGERSMARKET ECONOMYMEDIAMIGRATIONMINESMINISTERSMINISTRY OF FINANCEMPSNATIONAL ACCOUNTSNATIONAL DEVELOPMENTNATIONSNATURAL RESOURCESPARLIAMENTPARTY AFFILIATIONPOLICY ACTIONSPOLICY ENVIRONMENTPOLICY REVIEWPOLITICAL ECONOMYPOLITICAL PARTIESPOLITICAL POWERPOLITICAL SYSTEMPOVERTY ALLEVIATIONPOVERTY HEADCOUNTPOVERTY LINEPOVERTY REDUCTIONPRESENT VALUEPRESIDENCYPRIVATE SECTORPRIVATE SECTOR DEVELOPMENTPRODUCERSPRODUCTIVITYPUBLIC FUNDSPUBLIC INSTITUTIONSPUBLIC PROCUREMENTPUBLIC SECTORPUBLIC SECTOR MANAGEMENTPUBLIC SECTOR PERFORMANCEPUBLIC SERVICEPUBLIC SERVICESPUBLIC SPENDINGRATIONALIZATIONREDUCING POVERTYREGULATORY QUALITYREHABILITATIONREPRESENTATIVESRESEARCH INSTITUTIONSRESOURCES MANAGEMENTRULE OF LAWRURAL COMMUNITIESSAFETYSERVICE DELIVERYSERVICE PROVISIONSERVICE SECTORSOCIAL CAPITALSOCIAL DEVELOPMENTSOCIAL INDICATORSSOCIAL PERFORMANCESOCIAL PROGRAMSSOCIAL PROTECTIONSOCIAL SECTORSOCIAL SECTOR EXPENDITURESSOCIAL SECTORSSOCIAL SERVICESSOCIAL WELFARESOCIALISMTASK TEAM LEADERTAX LAWTAXATIONTECHNICAL ASSISTANCETRANSPARENCYVIOLENCEWAGESWORKERS DEVELOPMENT POLICY & PLANNINGGOVERNANCE APPROACHECONOMIC GROWTHPOVERTY REDUCTION STRATEGIESPOLITICAL ENVIRONMENTETHNICITYCRIME STATISTICSVIOLENCESTRUCTURAL APPROACHESREFORM POLICYTAX LAWSUGAR INDUSTRYRESTRUCTURINGREVENUE MOBILIZATIONBUSINESS ENVIRONMENTMACROECONOMIC STABILIZATIONSOCIAL CAPITALINFRASTRUCTURE DEVELOPMENTDIVERSIFICATIONCOMPETITIVENESSMINING SECTORFISCAL SUSTAINABILITYAGRICULTURAL DEVELOPMENTENVIRONMENTAL CRITERIAINVESTMENT ENVIRONMENTPUBLIC SECTOR MANAGEMENTHUMAN RESOURCES DEVELOPMENTFORESTRYWorld Bank10.1596/14662