Guyana has turned the corner but a series of steps need to be taken to boost the role of the private sector, steer the economy away from primary production and resource extraction and make it more efficient, according to a senior official of the Caribbean Development Bank (CDB).
Dr Justine A Ram, Director of the Economics Department of the bank delivered the feature address at the Georgetown Chamber of Commerce and Industry’s annual awards ceremony on Wednesday.
While hailing Guyana’s progress in cutting poverty and upping economic growth, Ram contended that a precondition for creating an enabling environment for private sector development is strong governance structures and socia