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Gov’t working to “have the most competitive non-oil economy” – President Ali

President Dr. Irfaan Ali lauded the “tremendous growth” of the private sector in Guyana while calling for more dynamism as the country continues a multifaceted approach in its upward trajectory.

During his address at the 32nd Annual General Meeting of the Private Sector Commission (PSC) at the Guyana Marriott Hotel, the Head of State highlighted the critical role of the commission in the country’s overall development.

In a very frank and open speech, President Ali called for the private sector to take advantage of the opportunities available and continue to make the needed investments. He reminded that the private sector’s success is the government and the country’s success.

He also called for a re-examination of corporate policies that are being matched with national policies, especially when it comes to understanding and complementing the government’s drive.

“We want you to be successful. We want the private sector to be highly successful—we support private sector development.”

The Commission members were reminded that the government has no intentions of taking its foot off the accelerator by depending on oil alone but is driven to “have the most vibrant, competitive and sustainable non-oil economy.”

The President said that the government’s focus is on manufacturing industrial development, agro-processing, food production, and value addition to minerals.

“The good thing is that we have the raw material and this is what we are focusing primarily on, building all this ecosystem, building out the incentive regime, opening up these opportunities.”

He also spoke of the correlation in the varying sectors, including sport and tourism, and stated that Guyana has turned the corner.

“We have positioning now. We are not Guyana five years or 10 years ago…we have a sense of presence. We have networking, we have influence. We don't necessarily have to take a lot of pushing around now. Our success has created opportunities for us and the only way we can leverage fully the opportunity before us, is if we come together, if we build companies, consortiums that can go after regional and global opportunities.”


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