Guyana Advancing its Business Climate
Posted on February 25, 2010 by Carol Horning, USAID Mission Director
Head of the Georgetown Deeds Registry Carolyn Paul, accompanied by USAID Mission Director Carol Horning and MCC Threshold Director Malik Chaka, highlights critical improvements at the Registry made possible through the MCC Threshold Program. These improvements, including new computer equipment, are making way for a stronger business environment in Guyana.
In August 2007, MCC launched a $6.7 million Threshold Program with the Guyanese Government to support the country’s ambitious competitiveness strategy and reform plan focused on overcoming fiscal challenges, strengthening the procurement system, and creating an efficient business registration process. Together with interagency coordination, a focus on aid effectiveness, and Guyana’s commitment to positive reforms, the MCC Threshold Program is delivering lasting and encouraging results.
The MCC-funded Threshold Program, implemented on the ground by USAID, focused on strengthening the Guyana Revenue Authority, strengthening the IT infrastructure, and training key staff to implement reforms. In addition, the customs administration was reformed to conform to global standard operating procedures that strengthen Guyana’s competitiveness and trade opportunities.
Now, at the conclusion of this two-year program, many of Guyana’s fiscal challenges have been tackled, with increased revenue generation and a more efficient business registration process. Guyana can now plan significantly for higher investments, resulting in sustainable development benefitting the country and its people. Meanwhile, strengthening the customs administration through the acquisition of new equipment is bolstering Guyana’s capacity to address smuggling and trafficking activities.
At the Georgetown Deeds Registry, Guyana’s MCC Threshold Program helped convert over 5,000 company records and 90,000 business registration records into user friendly electronic records. New company names and businesses, such as Anita’s (pictured right) prawn and red snapper exporting business, are routinely updated into a computer database thereby modernizing business registration and strengthening the private sector.
At Guyana’s Deeds Registry, company and business registrations have been converted from deteriorating paper documents into a state of the art electronic recording system. So far, over 5,000 company records and 90,000 business registrations have been computerized. The number of days to start a business in Guyana has also been reduced from 46 days to 30, all while anticipated legislation in Guyana is expected to reduce the start-up time even further, from 30 to 12 days. Simplifying and standardizing the registration process will improve the business climate for new investments. Even residents outside Guyana can now download business forms and register companies from anywhere in the world.
Though much of the program focused on training, IT infrastructure for various record systems as well as equipment for customs and policy reform have been critical for creating momentum to produce results. Increased tax revenue and compliance permit Guyana to now plan for greater investments in its own schools, clean water, and many other programs throughout the country that improve the standard of living for the Guyanese people. Working hand in glove, MCC and USAID are collaborating with Guyana to support not only the country’s development but also its future as a partner in eliminating global poverty.
Seeing Sustainable Results in Nicaragua
Posted on February 16, 2010 by Stephen Marma, Resident Country Director, Nicaragua
As the Resident Country Director in Nicaragua, I have seen firsthand how the quality of life of the poor has improved because of MCC development assistance that emphasizes country-led and country-implemented solutions. This type of country ownership makes programs stronger, empowers partners, and ensures sustainable results. The Nicaraguan compact is an example of a homegrown program that helps to reduce poverty and generate economic growth.
MCC is investing to increase the incomes of rural farmers and entrepreneurs living in the departments of León and Chinandega. MCC investments in strategic projects are helping to reduce transportation costs, improve access to markets, strengthen property rights, increase business investments, and raise incomes for farms and rural businesses. Road rehabilitation works have been completed, and a road maintenance fund has been established by law to ensure that all roads in Nicaragua are maintained. In addition, farmers have received technical assistance, business development services, and grants to help develop higher-profit agriculture, agribusiness, and artisan enterprises. To ensure sustainability, farmers and cooperatives have increased and improved production and have better access to markets, including contracts to provide products to local and international companies.
Clear results can already be seen in Nicaragua as documented in two recent productions.
Check out the video produced by Millennium Challenge Account-Nicaragua, the local entity responsible for implementing Nicaraguas MCC compact:
Together, MCC and MCA-Nicaragua are paving a way to a better life for thousands of Nicaraguans.
Burkina Faso Launches Projects in Roads, Land Tenure Security
Posted on February 11, 2010 by Molly Glenn, Deputy Resident Country Director, Burkina Faso
On Friday, January 29, 2010, I had the privilege of attending a launching ceremony in the town of Sabou with the Prime Minister of Burkina Faso, senior government and local officials, the MCC Resident Country Mission, dedicated members of the MCA Board, hundreds of residents of the Sabou Commune, and the senior management team of MCA-Burkina Faso, which is in charge of implementing Burkina Faso’s $481 million MCC compact. The event was vibrant and animated, filled with pertinent skits and musical interludes. Even though we were just an hour south of Ouagadougou, it felt like we were a million miles away from the hustle and bustle of the capital city and were truly in the heart of Burkina Faso. The town of Sabou, its residents, and MCA animated the countryside with a truly inspiring and motivating ceremony.
The event marks the start of on-the-ground field activities for two components of the Burkina Faso compact: feasibility studies for the 270 kilometers of primary roads to be constructed under the Roads project and the communication and education campaign surrounding the new national land law and regulations in 17 pilot communes under the Rural Land Governance project. With the complexity and intensity of the demands and deadlines revolving around projects of this size and scope, we often get caught up in Ouagadougou with meetings, workshops, project planning, financial number crunching, and all the necessary management responsibilities. When we stop and take the time to go to the field to visit with program participants, we see firsthand the excitement on their faces about the transformation of their future. We realize just where the real energy is with this compact.
The ceremony was filled with information, speeches, gratitude, theater, and music. It was a perfect mix of formal and informal, ceremonial and artistic, and cultural and educational. Information booths were filled with explanatory visuals and maps of project activities. Experts were on hand to explain the components: roads to be constructed, land conflict resolution techniques, decentralized administrative buildings to be constructed, and other aspects.
The skits were dynamic and filled with appropriate humor on the sensitive subject of land tenure. Even with my extremely limited knowledge of Moor_, one of the local languages of Burkina Faso, it was evident that the audience absorbed from the skits that land laws, regulations, and tools are now in place in Burkina Faso to clarify ambiguous land use situations, such as those between cattle herders and farmers. The theater troupe was able to infuse a touch of comedy into a serious subject and provide the audience with a glimpse into the land conflict resolution mechanisms and positive outcomes that will be possible through the Rural Land Governance project.
The official speeches were inspirational, expressing thanks to the American people and MCC, an understanding of the challenges ahead, and a clear message from the Government of Burkina Faso via Minister Laurent Sédogo from the Ministry of Agriculture, Water and Water Resources, who said that the MCC compact, will bring about dynamic change, will require a rigorous pace of implementation, and will change the lives of Burkina Fasos disenfranchised, including women.
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Investment, Guyana, Anti-Corruption, Threshold Program, Latin America, Finance and Enterprise Development