GUYANA’S economic momentum was highlighted at the 2025 Offshore Technology Conference (OTC)—one of the world’s premier events for energy professionals— by Dr. Peter Ramsaroop, Chief Investment Officer of the Government of Guyana and Agency Head of the Guyana Office for Investment (Go-Invest), who delivered featured remarks during the Around the World Series panel.

Dr. Ramsaroop highlighted the significant strides Guyana has made across various productive sectors under President Dr. Mohamed Irfaan Ali’s development agenda. Dr. Peter Ramsaroop stated “Championing unity, equity, and empowerment, President Ali’s One Guyana initiative stands at the heart of the nation’s transformation—driving inclusive growth, national pride, and long-term opportunity”.

He emphasised the transformative role oil revenues have played in boosting Guyana’s economy while underscoring that the country is more than just oil.
He pointed to Guyana’s historical foundation as a diversified economy—rooted in agriculture, mining, manufacturing, and services—and now propelled forward by a unified vision for sustainable development.

“The numbers speak volumes,” Dr. Ramsaroop noted, citing that in 2024, Guyana recorded its fifth consecutive year of double-digit GDP growth, expanding by nearly 43 percent.
He also referenced the rising value of the country’s financial identity, with the ticker 1GY reflecting strong investor confidence and economic dynamism.

Speaking specifically about Guyana’s manufacturing sector, Dr. Ramsaroop highlighted the country’s world-class natural resources, particularly its high-grade silica sand—among the best globally—which holds significant potential for use in the production of glass and solar panels.
He also emphasised Guyana’s strategic geographic importance, particularly its role within the emerging logistics and trade corridor connecting northern Brazil to Suriname. This positioning, he noted, places Guyana at the center of a new wave of regional integration and cross-border opportunity.