PRESS RELEASE - Ministry of Business Strategic Action Plan

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PRESS RELEASE -Ministry of Business Strategic Action Plan

The Ministry of Business has released its 2015-2020 strategic action plan, which outlines five (5) goals to support sustainable and inclusive business growth. The action plan emphasises the importance of businesses to the Guyanese economy, and provides a situational analysis, organizational structure, 2015 and 2016 activities, 2020 vision, and an outline monitoring and evaluation framework.

Businesses are the major sources of GDP, income, investments and jobs in Guyana and will therefore be central to securing the economic growth we need to drive Guyana’s future. In recognition of this fact, the mandate of the Minister of Business is outlined in the Official Gazette to address the matters of investment promotion, work force enhancement, sustainable development and export promotion. The strategic action plan is designed to ensure implementation of this mandate over the next five years.

By the year 2020 the Ministry wants to achieve the following:

1. Significant improvement in Guyana’s ease of doing Business
2. Significantly increase foreign investments in our economy
3. Increase the development and exports of value-added industries
4. Increase the economic opportunities and capabilities of vulnerable groups
5. Expand our capacity to develop and promote sustainable business-friendly policies

The actions planned for 2015 include:

• Upload key ministry documents and procedures to the website for greater transparency; this will include all vacancies
• Lead task force for the establishment of a Single Window System for automated processing of import-export licenses
• BusinessExpo to be held 27^th-29^th November at the National Exhibition Centre under the theme: “Guyanese Products and Services – Our Gateway to the Good live”
• Recruitment of new CEO for GO-Invest
• Structured engagements with private sector bodies
• Release draft strategy on Small Business Bureau 20% public procurement program
• Collaborate with Ministry of Legal Affairs to prepare legal agenda for enhancing the business environment
• Creation of a strategy and policy unit within the ministry to address areas affecting competitiveness

The action plan also provides for the development of a full 2016-2020 strategic plan. The UNDP has agreed to support the development of this plan through the provision of a suitably qualified consultant; the position is currently being advertised on their website.

For further information, the 20-page strategic action plan is available for download from the Ministry of Business website at www.minbusiness.gov.gy.  The Terms of Reference for the development of the full 2016-2020 strategic plan is available for download from the UNDP Guyana website www.undp.org (jobs section). The Ministry of Business invites all members of the public and private sector to read. 

Tel:226-8695/ 225-4527    Fax:225-4310   Email: ministerbusiness.gy@gmail.com