President Ali says, reiterates Guyana’s commitment to a ‘people-centred’ development strategy for the Caribbean 

SUBSTANTIAL investments are currently being made in various sectors in Guyana, with the aim of benefitting not only the people of Guyana but also the broader Caribbean region, as stated by President Dr. Irfaan Ali.
“Everything we’re investing in this country is ultimately to serve the people of this region. The capacity that we are building and the investment that we are making, in health, in education, in security and transportation, and agriculture, all of this is to be deployed to serve the people of this region,” the Head of State said while engaging regional stakeholders recently.

“We want the people of this region to enjoy the growth and prosperity of Guyana. That is an important part of what we’re doing,” President Ali added.
Guyana, he highlighted, has already commenced the transformation of Guyana’s economy, with a specific focus being placed on health, education, infrastructure, and agriculture.
“We want Guyana to be, by 2030, the world leader on energy, the world leader on climate, the world leader on food security, and to develop a country in whose economy resides the most skilled workforce. These are the ambitions that we set for ourselves,” he explained.

President Ali keenly pointed out that while the country’s oil-and-gas industry is burgeoning, the government has been heavily focused on investing in its traditional sectors to keep the country competitive.
“Developing a non-oil economic growth model and pathway to ensure that the headlines are being one of the fastest growing economies in the world is translated into one of the fastest people development centred strategy in the world,” he posited.
Offering exceptional opportunities backed by a dynamic and diverse economy, Guyana is the ideal destination for investors. The president pitched Guyana’s ‘investor-friendly’ environment as one that is enabling and abounds with opportunities.
“Why invest in Guyana? It’s the fastest-growing economy, ideal location to access global markets, resource-rich, fiscal incentives for investments, multisector investor opportunities, private sector-focused government,” he said.

“Guyana is not hedging its future on oil; we are modernising and investing in all our traditional and new sectors to make these sectors more competitive, and to ensure that these sectors can be successful. If you look at the growth profile of the country, you will see every sector has achieved significant growth over the last two years, and we are ensuring that we build viability,” he said.

In Guyana, he stressed, there are a plethora of opportunities for investment. “It is a diversified portfolio,” he boasted before highlighting the country’s energy, agriculture, manufacturing, tourism and housing sectors.
“Guyana is open to investment, and has a very friendly investment environment. Guyana offers very generous and fiscal investment incentives; Guyana has an open foreign currency market, low inflation, and stable financial system,” he added.