Jul 16, 2022 News
Kaieteur News – Guyana is expected to improve the efficiency and effectiveness of its public policy and fiscal management response to the COVID-19 pandemic, with a US$130 million loan from the Inter-American Development Bank (IDB).
The money comes as the second of a two programmatic-based loan series that will support Guyana’s government efforts to promote macroeconomic stability and withdraw emergency tax measures as part of a strategy to adapt its public policy and fiscal response to the new phase of the COVID-19 pandemic, the IDB said in a press release.
The first phase of this operation previously approved in December 2020, was disbursed in January 2021.
According to the IDB the new phase of financing will also support measures to increase the efficiency and transparency of government procurement processes, as well as measures to promote greater fiscal sustainability, address climate change and accelerate economic recovery with greater gender equality.
These include the approval of a medium-term fiscal framework, the implementation of recovery measures included in the Guyana COVID-19 National Action Plan, and the approval of a new institutional framework for public investment management, among other measures.
The IDB loan has a maturity period of 20 years and a grace period of 5.5 years and an interest rate based on the Secured Overnight Financing Rate (SOFR).
Oct 04, 2022– Organiser anticipates intense title race Kaieteur News – Heading into the fourth round of the GuyOil/Tradewind Tankers Under-18 Schools Football League, Golden Grove have assumed...
Kaieteur News – How times have changed. There used to be a time when the mere mention of the International Monetary... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]