The Private Sector Commission (PSC) has lauded the government for its innovative and progressive initiatives concerning digitisation and modernisation which was presented by President Irfaan Ali in his address to the National Assembly on Thursday, and also assured of its commitment to working closely with the government to contribute meaningfully to Guyana’s sustained growth and modernisation.
The PSC stated these views in a release yesterday where it also noted that it views these “transformative” projects and policies as “pivotal steps” in bridging the digital divide, enhancing the ease of doing business and supporting the growth of the private sector.
The release zeroed in on the planned investments in ICT hubs funded by the Guyana REDD+ Investment Fund for the hinterland and riverain areas which it posited, represents a commendable commitment to fostering digital inclusion and the advancement of Indigenous peoples. Further, by constructing 141 hubs, with plans to reach 200 communities, the government is ensuring that students and residents in remote areas gain access to essential online resources, boosting educational and economic opportunities.
The PSC noted that it fully supports these efforts and believes they will play a crucial role in advancing equitable growth across Guyana.
Reference was also made to the launch of the Electronic Planning and Development Single Window System which the release stated is indicative of the government’s dedication to modernising the planning and construction process, ensuring transparency and efficiency. “This innovation will significantly reduce waiting times for planning applications, further enhancing the country’s reputation as a prime destination for investment.”
The PSC is of the view that this system will boost confidence in the private sector, facilitating faster project approvals and driving economic expansion. It also recognised the groundbreaking decision in the building of Silica City as a model of smart, sustainable urban development.
According to the release, this initiative underscores Guyana’s growing global profile and will provide essential infrastructure to meet the demands of a rapidly expanding population and economy. The PSC expressed its eagerness to collaborate in the realisation of this vision, confident that it will attract both domestic and international businesses, creating employment, and spurring innovation.
Furthermore, the Commission welcomed the recent fiscal measures aimed at putting more money into the pockets of every Guyanese and improving their standard of living.
It described the tax incentives, investments in healthcare, education, and social services, and the bold steps to reduce electricity costs and remove bridge tolls, as all “crucial” in enabling a more competitive business environment and enhancing consumer spending.
“All these measures, especially the focus on digital education and free university education, will result in a workforce well equipped with the skills essential for Guyana’s future industrial development,” the release added.
