P079 - GUYANA
Support for Guyana to Promote the Development of its Services Sector
BENEFICIARIES
- Ministry of Foreign Affairs;
- Service providers.;
- Bank of Guyana;
- Bureau of Statistics;
- Business Communities
PROJECT COVERAGE
The objective of the project is supporting Guyana to reap the economic and trade benefits of developing its services sector
Two-fold purposes: The development of a National Strategy to promote the development of the services sector and guide the trade in services policy agenda; and to capacitate the Bureau of Statistics and the Bank of Guyana to regularly compile and update the trade in services statistics.
Five-fold Project outputs:
- A situational analysis of the current state of the services sector undertaken;
- Key services sub-sectors with strong potential for growth, investment and job creation identified as priority areas for focus;
- A medium-term strategy to guide the development of the services sector (2020-2030) is developed and submitted to the appropriate authorities for approval and subsequent implementation;
- Technical skills and capabilities of the Bureau of Statistics and the Bank of Guyana to compile, analyse and report trade in services statistics strengthened; and
- Reporting of macroeconomic statistics updated to highlight the contribution of trade in services towards economic development in Guyana.
Intervention areas:
- WTO commitments;
- Services sector;
- Trade statistics;
- Data Management;
- Capacity building;
- Investment.
RESULTS ACHIEVED
Purpose 1: The development of a National Strategy to promote the development of the services sector and guide the trade in services policy agenda.
- A situational analysis of the current state of the services sector undertaken;
- Key services sub-sectors with strong potential for growth, investment and job creation identified as priority areas for focus;
- A medium-term strategy to guide the development of the services sector (2020- 2030) is developed
Purpose 2: To capacitate the Bureau of Statistics and the Bank of Guyana to regularly compile and update the trade in services statistics.
- Technical skills and capabilities of the Bureau of Statistics and the Bank of Guyana to compile, analyse and report trade in services statistics strengthened;
- Reporting of macroeconomic statistics updated to highlight the contribution of trade in services towards economic development in Guyana
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Programme funded by European Union at the request of the Organisation of African Caribbean and Pacific States - Implemented by AESA CONSORTIUM