Reflecting on the World Bank and cash transfers in its Guyana Systematic Country Diagnostic

Introduction

Four weeks ago, I had substituted my scheduled re-visit of the Buxton Proposal and its recommendations, for a more comprehensive appraisal of the premier position, which I have accorded to the goal of poverty reduction in the spending of Guyana’s expected windfall petroleum revenues and earnings. That decision I feel makes great sense as it was as recent as January 9 this year when I completed a 13 weeks long series of columns on the Buxton Proposal. Today’s column wraps-up this discussion by focusing on some of the policy prescriptions in the Systematic Country Diagnostic (SCD) in so far as they relate to cash transfers.