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Guinea-Bissau - First Economic Governance Reform Grant Program (English)

The main development objectives of the Economic Governance Reform Grant Program (EGRG) for Guinea-Bissau are to: (i) promote efficiency, transparency, and accountability in the use of public resources through improved public financial management (PFM); and (ii) foster private sector development mainly through the development of a modern legal framework for private investment and improvements in the business environment. The series aims to support the government's efforts to implement the country's Poverty Reduction Strategy Paper (PRSP). Specifically, the one-tranche development policy grant (EGRG I) in the amount of SDR 5.4 million (US$8 million equivalent) focuses on reforms that will help promote efficiency, transparency and accountability in the use of public resources, and foster private sector development by reducing the up-front costs and uncertainties of business creation and promoting a level playing field for private investors. These two planks are critical components of PRSP pillars one (good governance, macroeconomic stability, and public administration reform); and two (private sector-led growth). The grant is thus an integral part of International Development Association (IDA) Interim Strategy Note (ISN) for Guinea-Bissau for FY09-10 planned to be presented to the board together with this operation.


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    Guinea-Bissau - First Economic Governance Reform Grant Program

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    external current account deficit;public sector wage bill;Public Financial Management;high population growth rate;vulnerable segments of society;legal framework for decentralization;access to health service;access to reproductive health;public financial management reform;investment in human resources;budget support;Public Administration Reform;primary fiscal deficit;domestic arrears;debt relief;donor support;rural area;good governance;exchange rate stability;power generation capacity;exchange rate depreciation;people with aid;source of employment;macroeconomic policy instrument;budget execution system;high unemployment rate;external debt service;wages and salary;global financial crisis;fiscal stabilization program;high infant mortality;reform of security;gross primary enrollment;budget execution procedure;growth in agriculture;domestic political stability;government cash flow;education and health;incidence of poverty;constraints to growth;infant mortality rate;gross enrollment rate;regional financial institution;assessment of performance;medium-term macroeconomic outlook;investments in infrastructure;civil service wage;fight against poverty;headcount poverty index;expenditure management area;per capita income;consultations with stakeholders;modern legal framework;public sector performance;annual debt service;Development Policy Operation;annual budget process;cashew nut;Macroeconomic Stability;Armed Forces;political instability;domestic revenue;parliamentary election;public resource;primary deficit;global slowdown;capacity constraint;macroeconomic performance;fishing license;energy price;fiscal performance;subsistence agriculture;fuel price;domestic debt;internal agreement;security forces;wage spending;net lending;capital expenditure;bank finance;government's policy;basic infrastructure;vulnerable group;private investment;improved public;Job Creation;social indicator;fiscal program;fiscal consolidation;exogenous shock;fiduciary risk;business environment;fiscal stance;poor household;real gdp;illiteracy rate;social group;judicial system;good performance;old people;Street Children;external reserve;foreign reserve;export growth;fiscal discipline;global environment;national stakeholder;Fragile Countries;arrears accumulation;external arrears;pension payment;private investor;Business Law;current expenditure;nontax revenue;promoting compliance;operational reform;railway line;development partner;professional training;agricultural sector;public policy;accelerating growth;institutional stability;extension service;absorption capacity;life expectancy;import cost;macroeconomic framework;fiscal scenario;military barrack;investment climate;drug traffic;transparent management;higher growth;inflation rate;fiscal balance;agricultural production;foreign bank;Tax Exemption;total output;foreign debt;loan equivalent;indirect impact;payroll control;reform implementation;local bank;Economic Management;living condition;citizen participation;public affair;military personnel;bilateral debt;commercial debt;equitable access;fiscal stability;debt problem;productive sector;government commitment;household level;health facility;extreme poverty;local development;urban household;rural population;financial accounting;working age;tax base;consultative process;limited information;Donor Commitment;global context;export price;import value;budgetary arrears;aids orphan;full participation;direct transfer;political parties;political party;catalytic effect;put pressure;business creation;fiduciary standard;cash management;informal sector;donor assistance;fiscal management;political disturbance;domestic credit;weather fluctuations;recovery process;financial intermediation;budgetary control;grant allocation;small country;customs administration;common currency;export crop;government wage;Macroeconomic Management;administrative capacity;short period;bank deposit;export value;fiscal situation;commodity export;inflationary impact;representative composition;political development



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Guinea-Bissau - First Economic Governance Reform Grant Program (English). Washington, D.C. : World Bank Group.