Guyana’s National Competitiveness Strategy summarizes the country’s strategy for increasing economic growth. The document also serves as a general guideline for developing a framework and institutions for PPPs in the country. Currently, there are no PPP specific laws or policies in place.
Guyana implemented one water PPP in 2002 and has seen private investment in the energy and telecom sectors. However, a number of these investments were subsequently reversed by the government.
The Global Competitiveness Index (GCI) is published in the Global Competitiveness Report and assesses the competitiveness landscape of 140 economies. The GCI Infrastructure Score is a component of the overall index and covers transport, electricity and telephony infrastructure.
Good quality infrastructure is a prerequisite for economic growth. Infrastructure stocks in the Caribbean are not adequate for much of the Region’s population. Many of the Borrowing Member Countries (BMCs) of the Caribbean Development Bank (CDB) are struggling to improve their infrastructure services — against the challenges of high debt burdens, tight budgets, declining investment and lagging economies. Infrastructure services in electricity, transport and water and sanitation in the BMCs need improvement in order to meet higher service quality standards, keep pace with population growth and support economic development. Costs of infrastructure services need to come down, particularly in electricity. There is room for improvement in...