A Pivotal Moment for Guyana - Realizing the Opportunities - Systematic Country Diagnostic

Jul 19, 2026

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A Systematic Country Diagnostic (SCD) for Guyana examines the country’s macroeconomic, fiscal, and sectoral challenges as it begins a historic transformation into an oil producer. The report focuses on oil-related development prospects while addressing intergenerational equity, governance and institutions, and the pathways for economic transformation, job creation, and human capital development. It also outlines strategies to support sustainable and inclusive development and reduce poverty through coordinated policy and institutional actions.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages121

Reading Time5 h 5 min

Executive Summary

Chapter 1: A Pivotal Moment in Guyana’s Economic History

Chapter 2: Oil and Intergenerational Equity

Chapter 3: Governance and Institutions

Chapter 4: Economic Transformation and Job Creation

Chapter 5: Human Capital Development and Sustainable Poverty Reduction

Chapter 6: A Path to Sustainable and Inclusive Development

Annexes

References

Public Disclosure Authorized Public Disclosure Authorized This work is a product of the staff of the World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. The material in this work is subject to copyright. Because the World Bank encourages the dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. All queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, the World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202- 522-2625; [e-mail: ](e-mail: pubrights@worldbank.org)[pubrights@worldbank.org](e-mail: pubrights@worldbank.org) Contents EXECUTIVE SUMMARY ................................................................................................................... ii 1. Chapter 1: A Pivotal Moment in Guyana’s Economic History......................................... 1 2. Chapter 2: Oil and Intergenerational Equity ................................................................... 15 3. Chapter 3: Governance and Institutions ........................................................................... 31 4. Chapter 4: Economic Transformation and Job Creation................................................ 44 5. Chapter 5: Human Capital Development and Sustainable Poverty Reduction............. 59 6. Chapter 6: A Path to Sustainable and Inclusive Development ....................................... 74 A. Annexes ............................................................................................................................... 85 References .................................................................................................................................... 97 Acknowledgements This first systematic country diagnostic (SCD) for Guyana was prepared under the leadership of Tahseen Sayed (Country Director, CMU), J. Humberto Lopez (Acting RVP, LCRVP), Robert Taliercio (Regional Director LAC, EFI), Oscar Calvo-Gonzalez (Director, IEG), Jorge Araujo (Practice Manager, MTI), and Ximena Vanessa Del Carpio (Practice Manager, POV) . The team benefitted immensely from the valuable guidance and mentoring provided by Martin Rama (Chief Economist, LCRCE). The team offers sincere thanks to Axel van Trotsenburg (Managing Director, World Bank Group) for his guidance in shaping this SCD. Thanks also to Shantayanan Devarajan (Professor of Economics, Georgetown University) and Edgardo Favaro (External Expert) for their gracious support and expert insights. The SCD was prepared by a multidisciplinary World Bank Group team led by Abha Prasad (EFI), Tanida Arayavechkit (POV), and Johannes Herderschee (MTI) . The team included Susana Moreira (Extractives), Stefano Curto (MTI), Timothy A. Johnston (Program Leader, HD), and Vickram Cuttaree (Program Leader, Infrastructure) from the World Bank, Denny Mahalia Lewis-Bynoe and Lars Johannes from the IFC, and Bexi Mota from MIGA. The team benefitted from in-country consultations and discussions with stakeholders – authorities, the private sector, students and academicians, and development partners – during the preparation period. The following staff provided inputs, materials and reviewed the draft: Judith Green (Principal Investment Officer, IFC), Raju Singh (Lead Economist, MTI), Galina Sotirova (Manager, IEG), Ozan Sevimli (Resident Representative, CMU), Elena Ianchovichina (Lead Economist, LCRCE), Zafer M

FAQs

What is the purpose of this Systematic Country Diagnostic for Guyana?

It provides a comprehensive overview of key macroeconomic, fiscal, and sectoral challenges as Guyana transitions into an oil producer.

Which main themes does the diagnostic cover?

It covers oil and intergenerational equity, governance and institutions, economic transformation and job creation, human capital development, and sustainable poverty reduction.

How does the report approach sustainable and inclusive development?

It presents a structured pathway that links economic transformation with institutional capacity and human capital development to support inclusive outcomes.

Jul 19, 2026

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