WORLD BANK POVERTY REDUCTION LOAN.(To Guyana )(Brief Article)

0 Comments | Caribbean Update, February, 2003

The World Bank on Dec. 17 approved two zero-interest credits worth US$16.76 to support Guyana's implementation of its poverty reduction strategy. The two International Development Association (IDA) credits aim to achieve three of Guyana's key objectives in poverty reduction, including: stimulating economic growth; strengthening governance, public sector capacity and accountability; and providing the poor with improved access to health care and education. Guyana's Poverty Reduction Strategy calls for a more efficient and transparent public sector as a means to achieving greater growth and reducing poverty, said Orsalia Kalantzopoulos, Director of the World Bank's program in the Caribbean. These credits are part of US$25 million equivalent in IDA credits that will be...