FOLLOWING a request by Minister of Business Dominic Gaskin to the Cabinet approval has been granted for the setting up of an interim management board to conduct the Guyana Office for Investment’s (Go-Invest) affairs. This was reported to the media by Minister of State Joseph Harmon who informed that the move resulted after the life of the previous board expired in 2014. The board will formulate guiding and directing policy for the organisation, “for the next six months, until such time that things could be considered properly and a board is established”.
The interim board will comprise representatives from the Guyana Revenue Authority (GRA), Guyana Lands and Surveys Commission (GL&SC), the Foreign Affairs Ministry, Private Sector, the diaspora, the political Opposition and the Ministries of Tourism and Business.
It was also pointed out that approval was given for the Business Minister to add more persons to the board as he sees fit, Minister Harmon explained, “based on the realities of Guyana”.
The agencies and stakeholders will recommend their representative and approval will be given by the Cabinet.
GO-Invest was established under the Public Corporations Act (1994) in 1994 as a semi-autonomous body, and comes under the direct purview of the Office of the President. The CEO answers to a Board of Directors which is composed of representatives of both the private and public sectors. GO-Invest is divided into two divisions, one responsible for Investment Facilitation and Promotion and the other for Export Promotion. (GINA)