says Chief Investment Officer Dr. Peter Ramsaroop

CHIEF Investment Officer, Dr Peter Ramsaroop, has said that the government of Guyana is modernising all known industries and pointed to the country as the perfect place to make investments.
Dr Ramsaroop shared this information during a presentation at the recently concluded Caribbean Investment Forum, focusing on Guyana’s investment landscape for the years 2030 and beyond.
During his address on the third day of the forum, he emphasised that the country is a highly favourable investment destination and highlighted the authorities’ strong commitment to democracy, accountability, and transparency. He further mentioned that investors have the opportunity to collaborate with local partners on various projects.

Regarding the focus on national development, he further noted that Guyana will serve as a construction hub for the next two decades or longer, as various regions undergo modernisation efforts. This observation was highlighted by investors from around the globe.
Dr Ramsaroop stated that Guyana has experienced a significant growth rate in the past two years, surpassing 30 percent last year. The projection for this year also anticipates a growth rate exceeding 30 percent.
This growth, he said, is not just about the oil and gas sector, “But it is not just about oil, Guyana is much more than oil, the fact [is] that our non-oil industry grew at over 11 per cent in 2023 [and] that tells you where our president is putting the money… he’s putting the money back in Guyana, we are modernising all our known industries.”

The Chief Investment Officer further stated that although Guyana possesses oil and gas resources, the nation’s budget emphasises the expansion of agriculture, infrastructure, and social development.
According to his assertion, there are currently ongoing projects to construct numerous world-class hospitals, distribute over 20,000 scholarships for a range of undergraduate and graduate degrees, and develop 50,000 homes and housing lots for the country’s residents.
“Our President is very focused on ensuring that every single Guyanese around this country benefits from our newfound wealth,” he said.

Dr Ramsaroop added, “In every single region in our country we are ensuring that development happens and that’s why you hear the term One Guyana.”
With that, the Chief Investment Officer indicated that if one is to look at the plans when the People’s Progressive Party/Civic came into office, just over 90 per cent of the commitments made have been followed through with.
He expressed that the drive for growth and development will endure, resulting in a transformative shift in industries during the next term in office.

In the meantime, he advised investors to consider exploring investment opportunities in Guyana, as well as studying the potential for expansion in the Caribbean region. He emphasised that the success of Guyana is intertwined with the success of the entire region.
In view of this, he strongly encouraged countries to collaborate and seize numerous opportunities as a regional entity. “Sometimes in the Caribbean, we like to call ourselves small states but if we look at putting ourselves together, we’re not a small state, we can have quite a bit of investment opportunities.”