CARANA News

CARANA Corporation Awarded Guyana Trade and Investment (GTIS) Project by USAID

Arlington, VA—The CARANA Corporation was recently awarded the Guyana Trade and Investment (GTIS) project by the United States Agency for International Development (USAID), which will support the Mission’s strategic objective of “Environment for sustained growth of value-added exports strengthened.”CARANA leads a consortium including Economic Competitiveness Group (ECG), Citizens Development Corp (CDC).

The GTIS Project is designed to maximize Guyana’s benefits from international trade agreements and position target firms to exploit market opportunities. The CARANA approach is based on the premise that targeted activities focusing on Guyana’s industry-specific critical success factors can create an environment for sustainable growth. The project is broken into four key components:

• Component A will organize industry clusters, identify their key success factors, and work with institutional actors to help create an export growth environment.

• Component B will provide firm-level technical assistance focused on specific factors (standards, quality management, marketing) that will generate exports.

• Component C will strengthen the private-public consultative process and increase civil society support to enable progressive policy movement.

• Component D will implement trade capacity building activities that will assist public stakeholders to turn existing trade commitments (CARICOM, WTO, bilateral agreements) into real market opportunities for businesses.

The GTIS Team will work with a range of local and regional counterparts, including public sector trade institutions, private sector business organizations, civil society groups, financial institutions, CARICOM, and numerous donors with economic growth activities in Guyana.

For over 20 years CARANA has been designing and implementing results-oriented strategies for post-privatization economies in the areas of Public Sector Reform, Private Sector Growth, and Human Capacity Development. Innovative global development solutions have been provided in over 50 countries throughout Latin America, the former Soviet Union, Eastern and Central Europe, Asia, the Middle East, and Africa. CARANA maintains a staff of 200 professionals worldwide, with corporate offices in Arlington, VA.

[Posted June 2004]

CARANA Corporation
4350 N. Fairfax Drive #900
Arlington, VA 22203
+1 (703) 243-1700
info@carana.com