CBD funds improvement of Guyana’s local government system – Demerara Waves Online News- Guyana


Last update on Monday December 18th, 2017, 02:47 PM by Denis Chabrol

Caribbean Development (CDB) gives Guyana US $ 218,020 to build capacity in key areas of local government to facilitate decentralization of public service delivery and greater local involvement in social and economic development, in line with objectives sustainable development.

The project will help the government of Guyana to build the capacity of the Ministry of Communities to better support the local government reform process; as well as the capacity building of the Guyana Association of Municipalities (GAM) and an institutional assessment of five municipalities, to help these entities improve their performance and results.

Daniel Best, Director, Projects Department, CBD notes: “The project will provide a clear roadmap for local government reform, which will help reinvigorate local democracy and provide people in the communities with a better understanding of the process and greater understanding of the process. voice in service delivery and decision-making in local tax matters.

To better support local government reform efforts, the project will aim to achieve key results, including:

· Achieve greater clarity on the resource needs of the Ministry of Communities, GAM and municipalities;

· Identify areas of cooperation and potential synergies to reduce and eliminate unnecessary public spending; and

· Identify the needs of vulnerable groups likely to be socially and economically excluded;

BDC says the project is in line with the Bank’s strategic commitment to promote good governance in the region. It is also in line with the Bank’s gender policy and operational strategy and the themes of the ninth cycle of the Special Development Fund (SDF 9) aimed at supporting the achievement of the Sustainable Development Goals, in particular Goal 16 which aims to promote strong, efficient, accountable and transparent institutions. at all levels.

The Caribbean Development Bank is a regional financial institution created in 1970 with the aim of contributing to the economic growth and harmonious development of its borrowing member countries (BMC). In addition to the 19 BMCs, the CBD has four regional non-borrowing members – Brazil, Colombia, Mexico and Venezuela and five non-regional and non-borrowing members; that is, Canada, China, Germany, Italy and the United Kingdom. The total assets of the CDB as of December 31, 2016 amounted to $ 2.89 billion (bn). These include $ 1.59 billion in regular capital resources and $ 1.29 billion in special funds. The Bank is rated Aa1 Stable by Moody’s and AA + Stable by Standard and Poor’s and Fitch

Leave A Reply

Your email address will not be published.