– MoU signed with Cuban Chamber of Commerce to support small, medium-sized businesses
IN a significant step towards international collaboration, the Guyana Institute of Private Enterprise Development (IPED) recently concluded a successful visit to Cuba at the invitation of Mr. Antonio Carricarte, the President of the Cuban Chamber of Commerce.

This fruitful visit followed a prior Zoom Meeting between the two sides, with the presence of Guyana’s Ambassador to Cuba, His Excellency Halim Majeed.

The primary objective of the visit was to explore avenues for collaboration between IPED and the Cuban Chamber of Commerce in the training of managers for small and medium-sized businesses.

With over 9,000 such businesses officially incorporated under the laws of Cuba, both parties sought to enhance the capacity and skills of business managers within this burgeoning sector.

IPED’s President, Mr. Jagdesh Haripershad, and Business Development Manager, Mr. Robert Williams, engaged in an extensive session with the Cuban Chamber to gain insights into Cuba’s business environment. The aim was to understand how IPED could actively contribute to the development of the independent business sector in the country.

The culmination of the visit saw the signing of a Memorandum of Understanding between IPED and the Cuban Chamber of Commerce. This formal agreement outlines the commitment of both parties to collaborate on initiatives aimed at supporting and fostering the growth of small and medium-sized businesses in Cuba.

IPED’s representatives also had the privilege of meeting with Mr. Francisco Pichon, the United Nations Resident Coordinator and the UN Secretary-General Personal Representative in Cuba. Mr. Pichon expressed great interest in IPED’s work and took the opportunity to elaborate on UN programs designed to support Cuba’s overall development.

The visit to Cuba not only solidified bilateral ties between IPED and the Cuban Chamber of Commerce but also underscored the international recognition of the valuable work carried out by IPED. As both entities look forward to a collaborative future, the Memorandum of Understanding stands as a symbol of shared dedication to fostering economic development and strengthening the business landscape in Cuba.