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Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Fiscal Policy -- B. Monetary Policy and External Stability -- C. Strengthening Financial Sector Resilience -- D. Enhancing Competitiveness, and Supporting Inclusive Growth -- OTHER ISSUES -- STAFF APPRAISAL -- BOX -- 1. Fiscal Structural Reforms -- FIGURES -- 1. Comparative Regional Developments -- 2. Guyana: Real Sector Indicators -- 3. External Sector Developments -- 4. Fiscal Sector Developments -- 5. Financial Soundness Indicators -- 6. Monetary Developments -- TABLES -- 1. Selected Social and Economic Indicators -- 2. Balance of Payments -- 3a. Nonfinancial Public Sector Operations (In Billions of Guyanese Dollars) -- 3b. Nonfinancial Public Sector Operations (In Percent of GDP) -- 4. Summary Account of the Bank of Guyana and Monetary Survey -- 5. External Financing Requirements and Sources -- 6. Indicators of External and Financial Vulnerability -- 7. Medium-Term Macroeconomic Framework -- 8. Risk Assessment Matrix -- ANNEXES -- I. Progress on 2017 Article IV Policy Recommendations -- II. Developing Guyana's Domestic Bond Market -- III. Managing Natural Resource Windfalls: Country Experiences -- IV. External Stability Assessment -- V. Implementation of 2016 FSAP Recommendations -- VI. Guyana Labor Force Survey -- CONTENTS -- FUND RELATIONS -- BANK-FUND COLLABORATION UNDER THE JMAP AND RELATIONS WITH THE BANK -- RELATIONS WITH THE INTER-AMERICAN DEVELOPMENT BANK -- RELATIONS WITH THE CARIBBEAN DEVELOPMENT BANK -- STATISTICAL ISSUES.

The economy has experienced seven consecutive years of robust growth, buoyed by high commodity prices, foreign direct investment and expansion of private sector credit. As part of a strategy to sustain growth, reduce poverty and curtail dependence on imported oil, the authorities are pursuing the Amaila Falls Hydro-electric Project (AFHP), entailing investment of about 30 percent of GDP. However, steps by Parliament that delayed important approvals led the private sector partner to withdraw, which could delay the project while additional financing is sought. Meanwhile, public debt remains high

Ausgehend von den wirtschaftlichen und sozialen Rahmenbedingungen Guayanas stellt der Verfasser des Handbuchartikels zunächst die Entstehung und Entwicklung der Gewerkschaftsbewegung von der Kolonialzeit bis zur Unabhängigkeit dar. Im weiteren beschreibt der Autor das Verhältnis der Gewerkschaften zu Parteien und Staatsapparat, wobei er deren Arbeit im Spannungsfeld zwischen Anpassung und Widerstand im autoritär regierten Guayana ansiedelt. Ergänzt wird die inhaltliche Darstellung durch Literaturhinweise und die Anschrift des Gewerkschaftsbundes. (KS)