During the pandemic, the IDB Country Office in Guyana embraced drone technology to advance project supervision, an innovative way of yielding greater value in project execution. “What date was that picture taken?” asks the contractor looking at an image of a road construction project in Georgetown, Guyana. “On May 4,” the Inter-American Development Bank (IDB) … [Read more...] about A bird’s eye view on project execution in Guyana
Headwinds facing the post-pandemic recovery in the Caribbean
After two tumultuous years, 2023 remains characterized by headwinds facing countries across the world. Our previous publications have highlighted the unprecedented nature of the COVID-19 shock to economies across the Caribbean region, particularly given its extreme dependence on external demand for resources, tourism, and finance. Just as the pandemic’s effects began to … [Read more...] about Headwinds facing the post-pandemic recovery in the Caribbean
Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive
Guyana’s economy is on the verge of a historic transformation following recent oil discoveries. Financial sector development and inclusion will be crucial to maximize the benefits of faster growth and increased revenues. However, financial access and inclusion in the country are lagging, which hinders firms’ productivity and performance. A new publication from IDB economists … [Read more...] about Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive
Is Guyana on its way to becoming the Caribbean’s new technology hub?
On June 8, 2018, a seed was planted in the soil of our lush green economy—this seed has the potential to transform Guyana into the leading estate of South America and the Caribbean. Exponential technologies and digital transformation were prominent among the themes and the buzzwords at the IDB’s recently concluded VII Regional Civil Society Conference hosted in Guyana. … [Read more...] about Is Guyana on its way to becoming the Caribbean’s new technology hub?
The Guyana Labor Force Survey: A Happy Reality!
Featured Image: On the left, Diether doing fieldwork in the streets of Georgetown, Guyana, July 2017, photo by Diether W. Beuermann The Guyana Labor Force Survey: A Happy Reality! By Diether Beuermann, Sharon Miller, and Clevern Liddell Imagine a Government that would like to prioritize scarce public funds for social assistance in areas with higher poverty incidence, … [Read more...] about The Guyana Labor Force Survey: A Happy Reality!