General Procurement Notice For Petroleum Resources Governance And Management Project

General Procurement Notice For Petroleum Resources Governance And Management ProjectThe Project Will Include The Following Components Component A Enhancement Of Legal Framework And Stakeholder EngagementThis Component Aims To Support The Update Of Guyana S Legal And Regulatory Frameworks For The Governance And Oversight Of The O G Sector As Well As Support Stakeholder Engagement And Transparency Component B Capacity Building Of Key Institutions This Component Aims To Build Institutional Capacity And Acquire Third Party Expertise Needed To Enhance The Government Of The Cooperative Republic Of Guyana S Capacity To Effectively Manage Its O G Sector Component C Enhancement Of Fiscal ManagementGuyana S Limited Institutional Capacity And Governance Challenges Are Key Obstacles To Successful Public Finance Management Including The Recently Assented Natural Resource Fund Legislation That Deals With The Macroeconomic Management Of An Increasingly High Volatility Economy And Loss Of Competitiveness This Sub Component Will Be Carried Out In Close Coordination With The Banks Economic And Governance Teams The Imf And Other Donors It Will Enhance Gcrg S Public Finance Management Macroeconomic And Fiscal Analytical Capacity And Support To The Operationalization Of The Natural Resource Fund Act 2019 Component D Project Management This Component Will Provide Support To The Government Of The Co Operative Republic Of Guyana To Manage And Coordinate All Project Activities Financed Under The Proposed Project More Specifically It Will Provide Support And Build The Government S Procurement Financial Management Safeguards Management Monitoring And Evaluation Capacity Through The Provision To The Project Implementing Unit Piu Department Of Energy Of Technical Advisory Services Training Recruitment Of Instrumental Staff As Needed Acquisition Of Goods And Operating Costs Beneficiary De Procurement Of Contracts Financed By The World Bank Will Be Conducted Through The Procedures As Specified In The World Bank S Procurement Regulations For Ipf Borrowers July 2016 Procurement Regulations And Is Open To All Eligible Firms And Individuals As Defined In The Procurement Regulations After Project Negotiations The World Bank Shall Arrange The Publication On Its External Website Of The Agreed Initial Procurement Plan And All Subsequent Updates Once It Has Provided A No Objection

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