PPP/C DELIVERING ON ‘PLAN FOR PROSPERITY’ Guyana’s economic advancement attracts global investment – Dr Singh

With the rapid pace of development under President, Dr Mohamed Irfaan Ali’s visionary leadership, Guyana’s economic growth has tripled over the last three years.

One of the top oil-producing nations, Guyana has attracted the attention of investors and world leaders.

Guyana is on an unmatched upward trajectory that will ensure prosperity, expansion, and investments in all sectors.

Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh was at the time speaking at the private sector engagement between Guyana and the Dominican Republic at the Arthur Chung Conference Centre on June 1, 2023.

Over the last two years, Guyana’s economy has grown more than 40 per cent on average per annum.

“Given the extraordinary rate of growth, what we have observed is the emergence of new opportunities in literally every sector of the economy…There is no sector, at all, in Guyana without opportunities for expansion and investment currently,”

Dr Singh said.

The mining, agriculture, and tourism industries are just a few of the areas where Dr Singh highlighted similarities between the economies of Guyana and the Dominican Republic. There are many prospects for partnerships as a result of these similarities.

Dr Singh stated that the fiscal incentives regime in all sectors makes Guyana attractive to global investors.

“We have, in each sector, an attractive fiscal incentive regime that makes it attractive for international investors to come to Guyana. That regime is administered by Dr Ramsaroop’s office, Go-Invest.