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Guyana - Financial and Private Sector Institutional Development Project (English)

The Financial and Private Sector Institutional Development Project, will support institutional reforms, and, improve regulatory frameworks on the overall financial sector, thus, supporting private sector development, and, enhancing banking, insurance, and financial operations. The three main components are: 1) financial sector development, where expertise, and technology upgrade will be developed, for processing banking liquidity/solvency problems through technical assistance; regulatory frameworks will be updated, covering financial institutions as a whole; and, the financial conditions of state-owned banks, will be restructured, to include an assessment on privatization options; 2) private sector development, to transfer state enterprises to the private sector. The component will provide funds for technical assistance, training, and equipment, in support of the privatization process. Additionally, a framework for facilitating public offering of shares, of those privatized enterprises, will be developed, and, socially equitable policies, will ensure sound safeguards' protection; 3) development of public business services, to establish a national contractors registry. Funding will be provided to revise, and develop public procurement procedures, and guidelines, and, update the external auditing capacity of the public sector.

Details

  • Document Date

    1999/10/28

  • Document Type

    Project Appraisal Document

  • Report Number

    19055

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Guyana,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/07/01

  • Doc Name

    Guyana - Financial and Private Sector Institutional Development Project

  • Keywords

    modernization of the public sector;middle management;stakeholder need;civil service reform program;Private and Financial Sector;Financial and Private Sector;allocation of loan proceeds;total net asset holdings;employee stock ownership plan;public offering of share;public sector human resource;private sector structural reform;Public Sector Institutional Reform;real per capita income;public sector investment program;Financial Management and Accountability;banking regulation and supervision;private participation in infrastructure;public service delivery;public sector service;financial sector reform;Privatization;private sector business;legislation and regulation;technical assistance program;private sector activity;readiness for implementation;improved service delivery;investment promotion program;competitive bidding process;financial sector development;financial sector regulation;private sector participant;international banking standards;private sector support;public sector restructuring;public sector resource;chart of account;foreign exchange traders;assessment of privatization;project rationale;financial market regulation;related party transactions;public procurement procedure;evaluation of bid;capital adequacy standards;private sector partner;pace of privatization;Financial Management System;Country Assistance Strategies;country assistance strategy;local private sector;abundant natural resource;stock of debt;nominal exchange rate;lack of incentive;state interventionist policy;lack of credit;public sector reform;human resource base;transparent public procurement;direct technical assistance;record performance;capacity building component;public sector procurement;integrated financial management;private sector expansion;social and environmental;private sector demand;future tax revenue;financial reporting standard;public auditing function;civil service salary;private sector remuneration;development of regulation;privatization on employment;privatization of state;sound financial system;private sector response;company law reform;corporate tax reform;revenue from privatization;banking supervision capacity;capital market development;privatization program;securities sector;privatization process;business environment;business process;small investor;Public Services;sectoral adjustment;Environmental Assessment;loan condition;Property title;state enterprises;privatization deal;Labor Union;effectiveness condition;labor sector;project execution;targeted intervention;banking sector;private investment;productive asset;fiscal impact;extreme poverty;primary beneficiaries;private ownership;international standard;business service;government strategy;environmental liability;Procurement Framework;borrower commitment;participatory approach;project finance;corrective action;transactional environment;merchant bank;institutional strengthening;public entity;weak bank;insurance sector;environmental safeguard;environmental auditing;privatization option;revenue authority;government revenue;financial analysis;structural adjustment;exchange system;privatization agreement;affected communities;institutional building;grant funds;security trading;partial credit;population estimate;doubtful debt;social program;vulnerable group;environmental standard;environmental permit;adversely impact;partial risk;tax rate;sugar company;scrap metal;commercial bank;absorptive capacity;disclosure regulation;expenditure support;hazardous substance;administrative structure;enterprise valuation;labor opposition;severance package;labor support;valuation process;government land;formal bidding;social impact;mining companies;mining company;technical expert;quality institution;banking restructuring;political issue;adequate training;international level;tariff regime;environmental issue;form 590;drought conditions;political disturbance;Social Assessment;informal business;land management;judicial system;successful privatization;land title;administrative processes;import tariff;export price

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Citation

Guyana - Financial and Private Sector Institutional Development Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/297381468771028530/Guyana-Financial-and-Private-Sector-Institutional-Development-Project