THE Private Sector Commission, at its Council meeting held on Tuesday last, reviewed the Guyana Investment Conference which was held on June 27 and 28 and wishes to congratulate the Canadian High Commission and the other organisers of the Conference for the high standard of the presentations and overall organisation of the conference.

The PSC, in a statement, said the Conference brought together experts on the promotion of investment and highlighted the steps that Guyana has to take to increase both local and foreign direct investment in the country.
Of particular importance was the highlighting of the institutions that need to be in place to counter any perceptions that a transparent investment climate may be lacking, since foreign investors are answerable to the laws of their own countries for any questionable dealings in the countries in which they invest.
The Conference also made clear the number of significant steps which Guyana has already taken to provide an enabling environment for investment flows, the most important being the enactment of investment legislation in 2004.
However, the Commission expressed its disappointment at what it described as “the lack of a continuous presence of senior Government officials and leaders of the parliamentary Opposition, since these are the persons charged with the responsibility for ensuring a stable and attractive investment climate for Guyana”.