IN the next decade more roads, ports, and bridges are slated for construction, which would help to improve the lives of all Guyanese with the logistics resulting in reduced operating costs among businesses and investors.

Better infrastructures also promise faster trade as more resources can be transported from one point to another. Expanded options for more stable communication channels are also slated to be available with the completion of soft infrastructures, which include Internet services and telephone lines.

Guyana is leaning towards Public-Private Partnerships (PPP) to help accelerate its transformative infrastructural development plan in the next five to 10 years and this is a reality, because of stakeholders’ involvement at every level under the President, Dr Irfaan Ali-led administration.

President Ali has reiterated his commitment to engaging all stakeholders to ensure that government’s plans and programmes reflect the priorities of the people and along with the collective ownership of the development trajectory, which he said will not only lead to greater prosperity and prospects, but will also pave the way for the opportunity to unify the people of Guyana.
Further, the government is looking to push increased involvement of the local private sector and the diaspora in expanding the country’s economy.

The key to building Guyana as one of the strongest economies in the world starts by ensuring that the right complement of human resources with the right skillsets is being created.
This is being pushed through tertiary education opportunities through the Guyana Online Academy of Learning (GOAL) initiative and the hosting of Technical and Vocational Education and Training (TVET) training programmes.

This is also being harmonized with improved working conditions, such as salary increases, for the various public-sector employees and continuous training to operate in a modernised economy.
Guyana’s economy is expanding at an extraordinary rate, fuelled primarily by the expansion of oil output and is expected to remain one of the world’s fastest-growing economies in the medium term.

Oil production, and consequently, real GDP is expected to more than double this year as increasing oil-and-gas revenues will allow financing of significant budget outlays to address development needs and tackle poverty.

And with all the forecasts available, local and international investors are partnering with companies to help grow their businesses in Guyana, and government is fulfilling its responsibility by creating the environment and opportunities for all Guyanese and investors as the administration aims to promote macro-economic stability.

The government is putting the requisite systems in place that would see the advancement of energy and food security, as well as climate, ecological, biological, financial, technological, health, manufacturing and agro-processing services as part of its transformational agenda.

President Ali’s agenda and goals reflect the voices of stakeholders within a participatory governance and political framework and this has enabled a range of positive effects in development, humanitarian aid and poverty-reduction programmes, notably better assessment of needs, capacities and improvements in implementation and sustainability.

Ultimately, the fulfilment of the right to positive participation can benefit society as a whole, building trust and solidarity, creating better social cohesion, contributing to more inclusive and pluralistic societies, and bringing new issues and voices into the public arena if it is to have a truly long-term and lasting effect on development outcomes.