The Inter-American Development Bank (IDB) is in the process of preparing the relevant documents that will allow for Guyana to benefit from a US$34M loan to strengthen the efficiency and effectiveness of fiscal policy and management in response to the health and economic crisis caused by COVID-19.
Guyana Standard understands that the specific objectives of the programme are to promote the availability and timely execution of financial and material resources to respond to the effects of the health crisis caused by COVID-19; to strengthen the countercyclical effect of fiscal policy through the temporary introduction of measures to protect the income of vulnerable households and increase liquidity for businesses during the health and economic crisis; and to support the effective and continuous provision of essential goods and services through public policy and management measures.
The loan will also help to promote economic and fiscal recovery in the post-pandemic period.
