Contacts: In Washington: Alejandro Cedeño (202) 473-3477 acedeno@worldbank.org Cristina González (202) 473-4634 cgonzaleza@worldbank.org WASHINGTON, May 26, 2009 – The World Bank’s Board of Directors endorsed today the new Country Assistance Strategy (CAS) for Guyana between 2009 and 2012 to support the country’s development agenda. “Guyana has made significant progress in laying the foundations for macroeconomic stability and higher pro-poor growth. The CAS continues this partnership and supports the country in areas where the Bank's support could strategically complement other donors’ areas of engagement.” emphasized Yvonne Tsikata, the World Bank’s Country Director for the Caribbean. The Bank’s program of lending, technical assistance and analytical work supports the Government’s objective of accelerating and sustaining growth, and was developed in collaboration with the Government. It benefited from consultations with civil society, the private sector and other development partners. The two main strategic areas of support identified in the CAS are: - Strengthening environmental resilience and sustainability: the Bank will support the Government’s efforts and leadership in this area by helping to establish pilot forest areas that are protected and sustainably managed by local communities, and helping to strengthen the Government’s ability to reduce exposure to natural disasters and global climate risk.
- Improving education quality and social safety nets: The Bank will help Guyana improve the quality of education through reform of teacher training and better service delivery, and help strengthen the capacity of Government to deliver an enhanced social protection program.
The Bank’s Executive Directors commended Guyana for its macroeconomic performance over the past decade and recognized the progress made in improving fiscal discipline. They emphasized the importance of accelerated broad-based and shared growth in order to mitigate the development challenges of high poverty and inequality. They also underlined the importance of Guyana’s economic diversification through private sector development, and stressed the need to have the International Finance Corporation, the arm of the World Bank Group that supports the private sector, actively involved in the country. For more information on the CAS, please visit this website For more information on the World Bank’s work in Latin America and the Caribbean, please visit: http://www.worldbank.org/lac |
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