-Foreign Secretary says it is “worrying” for persons to discredit the nation’s security, stability and certainty  

WHILE some persons are attempting to adversely affect Guyana’s “booming” investment climate, the nation firmly stands as a global destination for investors.
This is according to Foreign Secretary at the Ministry of Foreign Affairs and International Cooperation, Robert Persaud, who poured cold water on the claims of geopolitical instability.
He was at the time responding to Dolla Financial Services Limited which alleged that the reason they are winding down operations in Guyana is due to geopolitical uncertainty.

This revelation from Dolla Guyana, which was formed in August 2021, came out in the company’s 2023 audited financials released in April on the Jamaica Stock Exchange (JSE).
In its 2023 earnings report released, it said: “The decision is due to the current geopolitical uncertainty and the reallocation of resources to Jamaica where returns exceed those in Guyana.”
In an invited comment to the Sunday Chronicle recently, Persaud said: “Guyana remains a global destination for investment. It’s worrying that anyone should seek to discredit the country as a secure, stable and certain destination for investment.”

He added: “Just drive around the country, speak to the private sector leaders and the Guyana Office for Investment to reinforce the huge investments taking place by both local and foreign investors.”
Moreover, at the Guyana Energy Conference and Supply Chain Expo in February, Chief Executive Officer at the Guyana Office for Investment (Go-Invest), Dr Peter Ramsaroop, said that with Guyana’s rise as a dominant force in the region and its impressive achievements in food and energy security, there are investment prospects in all sectors throughout the country, beyond just the oil and gas sector.

In his speech, he mentioned that Guyana is always part of discussions on climate, food, and energy security worldwide. He explained that with all that is being done, one should be able to know where to invest as significant advancements are being made in all sectors, including the agriculture and mining sectors among others.
He said to investors: “Whatever sector you are interested in, our government has described very transparently what we are spending money on, where we are investing and what we are doing.” Against this backdrop, he added that the local private sector has stepped up its game over the past few years and entered into agreements that have passed through his office.

As such, he added that the local private sector was ready for partners even as he encouraged foreign investors to partner with local companies while adding that local content is real.
He noted that things are progressing rapidly here, and investors who wait for the next phase of development before investing may miss out.
He went on to say, “We are a powerhouse in the region; we will continue to be that powerhouse; we will work with you to ensure that you have ease of doing business in our country and we will continue to welcome all of you to be part of Guyana’s development.”