By Joycelyn T. Williams, CEO, JTW Institute of Management
The scope and broad intent of the Guyana Act No 18 of 2021, Local Content Act 2021 seems wide enough for a discussion to ensue on the condition and direction of the education sector within its parameters. The Act seeks “to promote competitiveness and encourage the creation of related industries that will sustain the social and economic development of Guyana and other related matters”. It requires that foreign firms combine with locals to compete for business opportunities in Guyana. The local education and training sector is now rife with competition from foreign firms. This could be precisely why the recommendations of the Local Content Act must be used to build capacity towards a more diverse education sector in the medium to long term.
