October 18, 2024
President Dr. Irfaan Ali reaffirmed that democracy and the rule of law are fundamental to Guyana’s ongoing economic transformation.
Speaking during an interview on The Swift Hour, the President detailed his administration’s approach to sustainable development, a diversified economy, and inclusive growth that promotes regional prosperity.
While the oil and gas sector drives Guyana’s rapid economic expansion, the President emphasized investments in non-oil industries to prepare the country for a future beyond its petroleum resources.
Key areas include infrastructure, education, healthcare, and digitization, which are pivotal for long-term growth.
President Ali outlined how revenues from the oil and gas industry are being channeled into critical sectors.
However, he stressed the importance of balancing immediate development needs with efforts to ensure the sustainability of these investments.
He noted that adherence to democratic principles and governance will remain central to maintaining this balance.
The President also discussed Guyana’s efforts to achieve sustainable growth by improving the quality of public services and creating entrepreneurial opportunities.
This progress, he added, extends beyond the country’s borders, benefiting the Caribbean Community (CARICOM) and fostering regional economic resilience.
Among the specific initiatives highlighted were Guyana’s efforts to penetrate the U.S. market for prawns, leverage ecological and climate services, and invest heavily in education and advanced technologies such as Artificial Intelligence.
These measures are designed to position Guyana as a global leader in innovation and sustainability.
The interview reinforced the government’s commitment to fostering a dignified and equitable path toward economic prosperity for all Guyanese.