Review of Financial Development and Inclusion for Guyana: Assessment and Options for Reform

Gauto, Victor; Mooney, Henry

doi:10.18235/0002402

Cited by 3 publications

(3 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…26,28 Guyana is a middle-income country with a population of less than 1 million people. 29 The poverty rate is 41.2%, 30 while the unemployment rate in the first quarter of 2020 was 12.8%. 31 Like many countries within the region, socioeconomic transitioning has resulted in the shifting of disease burden to non-communicable diseases (NCDs).…”

Section: Introductionmentioning

confidence: 99%

Formative Exploration of the Feasibility of Embedding Community Assets Into Primary Health Care: Barbershop and Place of Worship Readiness in Guyana

Goberdhan

Gobin

Perreira

et al. 2022

J Prim Care Community Health

View full text Add to dashboard Cite

Introduction: Community engagement is key to improving the quality of primary health care (PHC), with asset-based interventions shown to have a positive impact on equity and health outcomes. However, there tends to be a disconnect between community-based interventions and PHC, with a lack of evidence on how to develop sustainable community—primary care partnerships. This paper reports on the formative phases of 2 studies exploring the feasibility of embedding community assets, namely places of worship and barbershops, into the PHC pathway for the prevention and control of NCDs in deprived settings. It describes the participatory approach used to map and gather contextual readiness information, including the enablers and constrainers for collaborative partnerships with PHC. Methods: Grounded in community-based participatory research, we used elements of ground-truthing and participatory mapping to locate and gather contextual information on places of worship and barbershops in urban and rural communities. Local knowledge, gathered from community dialogs, led to the creation of sampling frames of these community assets. Selected places of worship were administered a 66-item readiness questionnaire, which included domains on governance and financing, congregation profile, and existing health programs and collaborations. Participating barbershops were administered a 40-item readiness questionnaire, which covered barbers’ demographic information, previous training in health promotion, and barbers’ willingness to deliver health promotion activities. Results: Fourteen barbershops were identified, of which 10 participated in the readiness survey, while 240 places of worship were identified, of which 14 were selected and assessed for readiness. Contextual differences were found within and between these assets regarding governance, accessibility, and reach. Key enablers for both include training in health promotion, an overwhelming enthusiasm for participation and recognition of the potential benefits of a community—primary care partnership. Lack of previous collaborations with the formal health system was common to both. Conclusion: The participatory approach extended reach within underserved communities, while the readiness data informed intervention design and identified opportunities for partnership development. Contextual differences between community assets require comprehensive readiness investigations to develop suitably tailored interventions that promote reach, acceptance, and sustainability.

show abstract

Section: Introductionmentioning

confidence: 99%

Formative Exploration of the Feasibility of Embedding Community Assets Into Primary Health Care: Barbershop and Place of Worship Readiness in Guyana

Goberdhan

Gobin

Perreira

et al. 2022

J Prim Care Community Health

View full text Add to dashboard Cite

show abstract

“…Financial development may help alleviate constraints to entrepreneurship and therefore the ability to access FDI. Access to credit is cited as a major constraint to doing business in Guyana (Gauto & Mooney, 2020) and the country has shown recent improvements in expanding borrower coverage (World Bank, 2017).…”

Section: Introductionmentioning

confidence: 99%

Foreign Direct Investment and Economic Growth in Guyana: The Role of Financial Sector Development

Deonanan

Conrad

2022

The Review of Black Political Economy

View full text Add to dashboard Cite

This paper empirically examines how financial sector development affects the FDI-economic growth nexus in Guyana. The novelty is that we examine the relationship in a poor, Small Island Developing State (SIDS) with an underdeveloped financial sector, and where the bulk of FDI flows to the extractive sector. Using annual data from 1981 to 2014, and, both a VECM and ARDL framework that distinguishes among long-run and short-run causal impacts, we provide new insights on why FDI may have a smaller impact on economic growth in SIDS or resource-rich countries. Specifically, we find that FDI dampens long-run growth in Guyana, which is consistent with the extractive literature, but through interaction with the financial sector, FDI has a positive offsetting effect at all levels of financial development in the period under study. While our findings have several nuanced policy implications on how to maximize the developmental potential of FDI in Guyana, they may be relevant to other SIDS or resource-rich countries.

show abstract

“…SeeMooney (2018) for more information. 11 For a deeper discussion of country-specific factors, seeBeck and Mooney (2021),Gauto and Mooney (2020),Giles Álvarez andMooney (2018). Also see the country sections of this Bulletin.…”

mentioning

confidence: 99%

Caribbean Economics Quarterly: Volume 11, Issue 2: Finance for Firms: Options for Improving Access and Inclusion

Mooney¹,

Rosenblatt²,

Graham³

et al. 2022

View full text Add to dashboard Cite

This edition of the Caribbean Economics Quarterly (Q2-2022) is a collaboration between the IDBs Caribbean Country Department and IDB Invest, which focuses on firms access to finance. The report begins by considering both the nature and history of the regions financial sector development, highlighting key measures of financial access and adequacy. It then leverages enterprise survey data developed by the Compete Caribbean partnership to assess legacy and emerging challenges facing firms from across the region, including those owned and/or operated by women. Newly available data from 2020 are compared with a previous vintage of the surveys from 2014, providing important insights into how circumstances have evolved, especially considering the COVID-19 shock. The analysis suggests that: (i) financial sectors and firms across the Caribbean face outsized challenges, particularly when compared to peers across the globe; (ii) the COVID-19 crisis appears to have further constrained access to finance; (iii) smaller firms appear to face more significant hurdles than larger ones; and, (iv) women-owned and/or operated firms face more severe challenges with respect to financial access than other firms across the region. Policies and reforms with the potential to improve financial development, access, and inclusion are highlighted, as well as successful examples of IDB support and collaboration in related areas across the Latin American and Caribbean region.

show abstract

Review of Financial Development and Inclusion for Guyana: Assessment and Options for Reform

Cited by 3 publications

References 4 publications

Formative Exploration of the Feasibility of Embedding Community Assets Into Primary Health Care: Barbershop and Place of Worship Readiness in Guyana

Formative Exploration of the Feasibility of Embedding Community Assets Into Primary Health Care: Barbershop and Place of Worship Readiness in Guyana

Foreign Direct Investment and Economic Growth in Guyana: The Role of Financial Sector Development

Caribbean Economics Quarterly: Volume 11, Issue 2: Finance for Firms: Options for Improving Access and Inclusion

Contact Info

Product

Resources

About