With an oil economy that has taken off, Guyana is now becoming a hotspot for private, foreign investments and even investments from the local private sector. But the government is also up to the task, President Irfaan Ali told International News Agency Al Jazeera in a recent interview.

During that interview, President Ali spoke about investments that are currently being made to improve the country’s infrastructure, Education and health sectors and further investments in the creation of industries to set the stage to attract even more foreign businesses here.

“We are also seeing a lot of private investment that is coming in in all these sectors and that is because people are seeing the direction in which this country is going, the vision, where we are positioning Guyana. So we have private investment in health care, investment in housing and private investment in educational services, our carbon is traded on an international market, so we have a mixture of government and private sector investments,” the President said.

Those private investments that the country is now attracting is playing a major role in fast tracking the country’s growth and development, the President said.

He said his government’s plan is clear on what it needs to achieve and how the country must be developed, adding that while outside help is welcomed, the country’s developmental agenda takes precedence.

“One of the important things that we must do it to improve disposable income at every household, to give people access to basic facilities—water, electricity, food and those things we have put in place. We understand what it is to manage the country without resources. So we more than understand the responsibility that come with managing a country with resource with the opportunity to transform the lives of every single person,” the President said.

The President told Al Jazeera that the Government is also cautious about its management of the oil and gas sector.

He explained that the aim is to improve the lives of every Guyanese and to afford them basic services, even as he shrugged off criticisms that the oil resources are not being felt directly by citizens.

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