Dear Editor,
I am writing to express my deep concern about the current economic climate in Guyana, which has recently led to the unfortunate closure of two beloved establishments, Outside Bar and Kosmos. These popular restaurants and bars were not only favourite gathering spots for locals’ especially young people but also vital contributors to our economy, providing jobs and fostering community spirit.
While it is encouraging to see
numerous development projects underway across the country, it is disheartening that the benefits of these projects are not being felt by the broader population. Reports indicate that contracts for these developments are predominantly awarded to a select few, often connected to the governing People’s Progressive Party/Civic (PPPC) by ties of family or frequent associations. This concentration of opportunity stifles competition and innovation and ultimately prevents the economic benefits from reaching the ordinary citizens who are most in need.
The closures of Outside Bar and Kosmos are symptomatic of a larger issue: the economic growth we are witnessing is not inclusive. Despite the promise of new infrastructure and investment, many Guyanese find themselves struggling to make ends meet, with few opportunities to participate in and benefit from the country’s economic progress.
It is imperative that the government takes immediate steps to ensure that economic development is equitable and inclusive. This includes transparent and fair processes for awarding contracts, support for small and medium-sized enterprises, and policies that encourage broad-based economic participation. Only then can we hope to see the wealth generated from these projects truly trickle down to all citizens.
Guyana has tremendous potential, and its people are resilient and hardworking. However, for our country to thrive, economic opportunities must be accessible to everyone, not just a privileged few. Let us work together to create an economy that works for all Guyanese, ensuring that future development projects are avenues for widespread prosperity and not just enrichment for the well-connected.
Sincerely,
Shawn Sam