AFC Unveils Comprehensive Plan to Reform State-Owned Enterprises
Tiana Cole | HGP Nightly News
The Alliance for Change (AFC) has unveiled a bold reform plan for state-owned enterprises (SOEs), aiming to deliver reliable, affordable, and modern services while strengthening transparency and accountability.
The plan covers key services such as water, electricity, and transportation, and calls for clear performance mandates to balance financial strength with quality service delivery. Each SOE will be required to:
- Meet strict performance targets, monitored through annual contracts and public scorecards
- Operate under independent boards that include finance, engineering, environmental, and consumer affairs experts
- Establish audit and risk committees, with the parliamentary opposition guaranteed a seat at the table
- Hire managers on merit, place them on fixed-term contracts, and reward them based on results—not politics
To modernize operations, the AFC is also proposing smart meters, digital billing, and AI-driven planning tools.
Beyond efficiency, the policy emphasizes sustainability and equity, urging SOEs to support vulnerable communities, advance climate resilience, and prioritize local suppliers in procurement. Oversight will be centralized under a new State Ownership Unit within the Ministry of Finance, tasked with governance and expertise building.
According to the AFC, these reforms will restore public trust and transform Guyana’s SOEs into world-class service providers, driving the nation’s transition to a modern and inclusive economy.
