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Gouveia praises government’s role in strengthening private sector growth

Gouveia praises government’s role in strengthening private sector growth
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Private Sector Commission (PSC) Chairman, Captain Gerald Gouveia Jr., has applauded the Government of Guyana for what he described as an exceptional and proactive partnership that is helping to accelerate private sector development across the country.

Speaking on the Starting Point podcast, Gouveia examined the evolving relationship between government and business, noting the rapid transformation occurring across several industries.

He emphasised that Guyana is benefitting from a leadership approach that understands the importance of collaboration.

“We are also very fortunate to have a government that understands that they have a role to play in private sector development, in the sense that we are not doing it in a silo. We need the government to understand that they have to set the framework, get out of the way, and let the private sector do the work,” he explained.

According to Gouveia, the current climate encourages growth while actively supporting companies seeking to expand. He believes Guyana is positioned within a unique window of opportunity, with policies that boost competitiveness and strengthen confidence among local businesses.

Gouveia also noted that President Dr. Irfaan Ali has committed to achieving “30 years’ worth of development within five years,” given that he is term-limited.

“He [President Ali] is upping the pace, and I am saying that the private sector is answering that call. We will keep up. To do so, we must innovate and we must embrace technology,” he said.

He highlighted that major distributors, leading banks, and regional chambers — which he described as the “backbone of the private sector” — are responding most robustly to the government’s challenge. Gouveia said he is proud to lead a motivated group that is consistently delivering results.

The Private Sector Commission, established in 1992, continues to unify and represent the interests of industries nationwide through its council of sector heads and elected corporate members.