## Guyana: Poverty Reduction Strategy Paper Second Annual Progress Report: Joint Staff Advisory Note

_IMF Staff Country Reports, October 26, 2006_

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## Bibliographic details
- Published: October 26, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816785.002

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### Summary findings
- Guyana continues to make progress in laying the foundation for poverty reduction, but at a slow pace.
- Critical issues remain to be addressed.
- Establishing an environment for sustained growth remains the main challenge for the government.
- It will be important to maintain the reform momentum and ensure basic security.
- An effective monitoring and evaluation framework needs to be fully implemented to support poverty reduction efforts.
- Prudent fiscal policies and a prioritized public sector investment program should continue to be pursued to improve debt sustainability prospects.

### Policy recommendations
- Maintain reform momentum to support sustained growth.
- Ensure basic security to underpin poverty reduction efforts.
- Fully implement an effective monitoring and evaluation framework for the Poverty Reduction Strategy.
- Pursue prudent fiscal policies.
- Continue a prioritized public sector investment program to improve debt sustainability prospects.

### Implementation priorities and institutional focus
- Implement and operationalize a well-functioning PRS monitoring system to track outcomes and guide policy.
- Strengthen public financial management (PFM) practices consistent with prudent fiscal policy.
- Prioritize public investment projects to align with poverty reduction objectives and debt sustainability constraints.
- Engage government ministries and Guyanese authorities in sustained reform efforts and evaluation.

*International Monetary Fund. "Guyana: Poverty Reduction Strategy Paper Second Annual Progress Report: Joint Staff Advisory Note", October 26, 2006.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/guyana-poverty-reduction-strategy-paper-second-annual-progress-report-joint-staff-advisory-20017_