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In preparation for Guyana’s transition into a “green economy”,Authentic Al Horford Celtics Jersey, the coalition government has approached the Caribbean Development Bank (CDB) for assistance in capacity strengthening.Finance Minister, Winston JordanThis was revealed by Finance Minister Winston Jordan when he recently delivered the feature address at the award ceremony of the Guyana Manufacturing and Services Association (GMSA).Jordan said that Guyana, today,Harrison Barnes Mavericks Swingman Jersey, is classified as a low-middle income, resources-driven economy. He said that resource-driven economies are mainly successful when six core elements are present. He listed these to be; building the institutions and governance of the resources sector; developing infrastructure; ensuring robust fiscal policy and competitiveness; supporting local content; deciding how to spend a resources windfall wisely; and transforming resource wealth into broader economic development.Today, as the country gears to become a “green economy”,Authentic Paul Millsap Hawks Jersey, Jordan said that several of these core elements are necessary for implementing a low carbon trajectory towards a green economy.“We inherited the Low Carbon Development Strategy (LCDS) and are committed to the REDD+ arrangement and the partnership we have with Norway. However,Tristan Thompson Cavaliers Jersey, the strategy needs to be placed within the context of a fully-integrated and mutually-supportive legal, regulatory,Kyrie Irving Cavaliers Jersey, fiscal and financial framework.“Further,Authentic J.R. Smith Cavaliers Jersey, the strategy cannot be a substitute for a long term development plan or long term development planning. To address this lacuna,Authentic Andrew Bogut Mavericks Jersey, the Government has approached the Caribbean Development Bank to strengthen our capacity for long term planning.”The Finance Minister also noted that a major challenge facing Guyana is how the country must leap-frog the lack of an industrial age revolution through a low carbon trajectory to create a sustainable green economy, in which manufacturing plays a significant role in job creation. He said that even more problematic is the absence of a human resources pool to successfully execute the LCDS-to-green economy transition.“This is why our Government, through the Minister of Education, has been speaking about STEM education and of a re-tooled and re-focused University of Guyana (UG). We hope the Private Sector and, especially manufacturers, can join hands in strengthening UG and create mutually beneficial partnerships.”Jordan said that for Guyana to optimize and maximize its manufacturing competitiveness,David Robinson USA Jersey, given the government’s focus on a “green economy” and a low carbon pathway, it plans to engage the Private Sector, Civil Society and its Development Partners in an ongoing process of national dialogue, so that it can reach a national consensus on the sustainability of a singular LCDS approach to sustainable development.The Finance Minister then proceeded to share extended thoughts on Partnerships, Inclusiveness and Private Sector Leadership. He also noted that Goal # 17 of the 2030 Agenda for Sustainable Development speaks to “Partnerships”.Jordan asserted that in order for the Private Sector to become the true “engine of growth” and the strategic co-development partner with the Government, it has to re-engineer itself. He then challenged the members of the Private Sector in general, and the Guyana Manufacturers and Services Association in particular, to take the leadership role in nurturing and promoting more broad-based and inclusive growth.Jordan said that the existing Private Sector – with its access to capital and its many domestic and international networks – must include the “historically excluded” in its business planning. In this regard, he said, “Contract farming is a model of inclusiveness. Sub-contracting is another successful global model. We are one economic family. We share the same patrimony. Guyana cannot develop with one eye,Authentic Avery Bradley Celtics Jersey, one leg and one arm.”Jordan pledged that Guyana’s economy will become one of the most envied in the Caribbean, as he firmly believes that the country has all the natural endowments to achieve this. He noted that the Government is transforming Guyana into a vibrant, sustainable, inclusive and green economy, and called upon the members of the business and manufacturing community to join them in this quest.The Finance Minister said that the Private Sector can lead through visionary leadership.