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Guyana Payments System Project: P159512
Details
Project End Date:2022-05-31
Location:Guyana
Category:Goods, Works, Consulting services, Non-consulting services
Status:Completion and evaluation
Sectors:Macro-Economy & Public Finance, ICT & Telecommunications, Organizational development
Contracting authority: Bank of Guyana
Associated tenders • 2
Description
Updated on May 30th, 2017:
(R) Guyana Payments System Project
The project development objective is to improve Guyana's national payments system by enhancing safety and efficiency of payments. Approval completed on 31 March 2017. Environmental Assessment Category C. Project: P159512. US$ 6.0 (IDA Credit). Consultants will be required. Bank of Guyana; Ministry of Finance.
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Updated on February 9th, 2017:
(R) Guyana Payments System Project
The project development objective is to improve Guyana's national payments system by enhancing safety and efficiency of payments. Negotiations authorized on 9 January 2017. Environmental Assessment Category C. Project: P159512. US$ 5.0 (IDA Credit). Consultants will be required. Bank of Guyana; Ministry of Finance.
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Updated on January 4th, 2017:
(R) Guyana Payments System Project
The project development objective is to improve Guyana's national payments system by enhancing safety and efficiency of payments. Appraisal completed on 21 December 2016. Environmental Assessment Category C. Project: P159512. US$ 5.0 (IDA Credit). Consultants will be required. Bank of Guyana; Ministry of Finance.
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Updated on November 1st, 2016:
(R) Guyana Payments System
The project development objective is to improve usage of financial services through the development of Guyana’s national payments system to enhance safety and efficiency of payments. This will be achieved by: (a) modernizing the financial sector infrastructure via adoption of electronic payments through newly acquired hardware and software, including back-up sites and (b) support the capacity of Bank of Guyana to operate the newly acquired payment system; and, institute effective oversight arrangements; for the national payments system. Concept completed on 15 September 2016. Project: P159512. US$ 5.0 (IDA Credit). Consulting services to be determined. Bank of Guyana; Ministry of Finance.
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The project objective is to support the development of a safe and efficient payments system in Guyana. Identification completed on 11 March 2016. Environmental Assessment Category C. US$ 5.0 (IDA Credit) Consulting services to be determined. Implementing agency(ies) to be determined.
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tender Background
About the Funding Agency
The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
About the Sectors
Macro-Economy & Public Finance
Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.
Key areas:
- Macroeconomic analysis and policy support
- Public finance management (PFM)
- Government budgeting, taxation, and debt management
- Economic growth and development strategies
ICT & Telecommunications
Features information and communication technologies, digital systems, and telecommunications infrastructure and services.
Key areas:
- ICT systems, software, and digital solutions
- Telecommunications networks and services
- Digitalization, data, and communication tools
Locations
Guyana
Guyana is rapidly expanding road networks, port facilities, housing, and energy infrastructure to support economic growth driven by offshore oil production. Public investment has increased significantly, financed through oil revenues, development loans, and foreign partnerships. Projects aim to improve connectivity between coastal urban centers and interior regions. Managing rapid growth, environmental protection, and institutional capacity are central to long-term infrastructure sustainability.
Nr. of tenders: 6756
Nr. of grants: 1998
Nr. of donors: 460
Nr. of jobs: 18
Nr. of tenders: 6756
Nr. of grants: 1998
Nr. of donors: 460
Nr. of jobs: 18
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