-GO-INVEST CEO speaks about investment opportunities in Guyana
During the weekly episode of the Progress Report, Chief Executive Officer of the Guyana Office of Investment, Dr. Peter Ramsaroop said in the year 2022 no other part of the world will see growth like Guyana.
Dr. Ramsaroop said this is as a result of the strong political, social and economic atmosphere the Government has created..
Ramsaroop remembered the strong fight of democracy the People Progressive Party Civic Administration demonstrated during the 2020 elections.
"Investors looks at political stability, democracy and transparency and accountability. I think and I believe our Government has demonstrated that."
Ramsaroop highlighted that in 2022 Guyana can expect vast investment opportunities and as such he is encouraging local investors to get their required documentation and resources in place, while noting foreign investors will rely heavily on locals.
"Well 2022 is the pivotal year, the president will speak a lot about the industrial zone at wales, he is going to speak about his city the silica city, you are seeing the continuous expansion of the road network. We’re going to have better by pass road going up in the region four area and other outlying areas’’
He criticized the APNU/AFC coalition for not displaying a strong approach towards attracting investors during their five years in office.
"investment was like a funeral home before...you would find the vibrant economy has changed when you find political instability and a undemocratic environment; when the people don’t believe you are accountable and transparent it stagnates the economy...What change in 2020 and the fight was worth it"
Furthermore he boasted of the local capacity building GO INVEST achieved in 2021.
"That out of the fiscal agreement that we facilitated in 2021 64% of that were local business and entrepreneur"
Ramsaroop assured Guyanese that under the Irfan Ali led administration there will be no deal "passed under the table".
Importantly to note, in 2022 it is estimated that Guyana’s Gross Domestic Product (GDP) will grow by at least 40%.