DR. Peter Ramsaroop, the Chief Investment Officer of Guyana, emphasised earlier this week that although there has been notable progress in Guyana’s economic development, the non-oil sectors have and will continue to have a crucial impact.
Dr Ramsaroop made these remarks while addressing the official launch of the 2025 Guyana Energy Conference and Supply Chain Expo.

According to the head of the Guyana Office for Investment, Guyana has undergone rapid transformation over the past four years and attributed much of this progress to strategic initiatives put in place by the government.
“What is exciting over the last four years in Guyana… a lot of us have experienced the real development and transformation that is taking place,” he said.

Against this backdrop, he said that prior to entering office, the government had outlined many initiatives that it wanted to accomplish during its first term in office and thus far have completed nearly 100 per cent of these initiatives.
With this, he highlighted that while much attention has been placed on Guyana’s oil and gas sector, impressive growth was seen in the non-oil sectors.

As focus has been placed on the non-oil sectors, he said it was critical for the growing energy conference to add the supply chain component which highlights how energy can push the growth of the other sectors.
Providing examples of how this growth is materialising, he said that there has been an aggressive push towards agro-processing along with the push to expanding the tourism sector with several hotels going up around the country.
Nevertheless, he further stated that a positive aspect of numerous significant investments made in crucial sectors over the past four years is their local origin and funding.

“We are proud of our private sector stepping up, working with government, government is there to enable the private sector and our office is there to encourage and work with investors,” he said.
He went on to add, “We are building out the infrastructure, we are taking care of our people, seven new hospitals are being built, we are ensuring that wages, taxes, all the components that you expect in social development is taking place.”
With the pace at which transformation is taking place, Dr Ramsaroop expressed that he believes that the President and his government may achieve 2030 goals by 2027 given the current pace.