International Development Grant
Improving the Business Environment
Project Number: CA-3-A030490001
Status: Closed
Country/Region:
Maximum Contribution: $794,395.00
Start Date: January 15, 2001
End Date: March 31, 2007
Duration: 6.2 years
Project Description
The purpose of this project is to promote economic growth by helping to create an enabling environment for private business. The project helps the Private Sector Commission of Guyana (PSC) analyze regulatory policy and other bottlenecks that impede private sector development. It helps the PSC then make representations to the government about the bottlenecks and how to overcome them in order to stimulate the economy. The PSC represents the interests of Guyanese businesses both large and small. The project aims to improve the ability of its personnel to undertake sound economic analysis and to contribute to the competitiveness of the private sector in part by fostering PSC members' understanding of trade and investment issues. This project is a multi-donor initiative led by CIDA that also involves the United Kingdom's Department for International Development (DFID).
Progress & Results Achieved
Results as of September 2011 (end of project) include: Subsequent to lobbying efforts by the Private Sector Commission of Guyana the Government of Guyana's 2011 budget revealed reductions of corporation tax rates by 14.2% for non-commercial companies and 11.1% for commercial companies. This has contributed to an improved climate for private sector investment and entrepreneurial initiatives in Guyana as well as increased partnerships with regional private sector organizations including the Caribbean Association of Industry and Commerce.
Key Information
Executing Agency:
Private Sector Commission of Guyana Limited
Reporting Organization:
Global Affairs Canada
Program:
NGM Americas
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Project-type interventions
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Pre-APP