Sunday, 28 November 2021 02:05 GMT

Significant interest shown by diaspora to invest in Guyana, says foreign secretary


(MENAFN- Caribbean News Global) By Mikaila Prince

GEORGETOWN, Guyana, (DPI) – Following two high-level government engagements with the diaspora in the tristate area of the United States of America, foreign secretary in the ministry of foreign affairs and international cooperation, Robert Persaud said the diaspora has demonstrated“significant interests” in investing in Guyana.

During a recent interview on the National Communications Network (NCN), the foreign secretary recalled the recent government engagement with the New York diaspora and the Guyanese-American Chamber of Commerce (GACC). The meeting was led by prime minister Brigadier (ret'd) Mark Phillips with support from minister parliamentary affairs and governance, Gail Teixeira and the minister of housing and water, Collin Croal.

During the meetings, the diaspora was apprised of the business opportunities in Guyana, as well as visions and plans for each sector of the economy.

“There will be greater clarity on the opportunities. How you can do business in Guyana with ease. There will be a range of opportunities, not only in oil and gas but also in food production. Food prices are expected to increase and places like Guyana stand to gain from that moment. We have the potential to satisfy that demand,” the foreign secretary relayed.

President Irfaan Ali-led government has already conducted successful engagements with the Florida business community, US investors and Central America, among others. This was achieved as part of the government's promise to enhance diaspora involvement in Guyana.

“As we are bringing in forest investors. It is important that we target the Guyanese diaspora. We should not ignore this rich resource base that we call the global Guyanese diaspora, and as much as possible we want to reach out and let them know what the opportunities are,” the foreign secretary said.

He added that several missions have been planned to engage the diaspora. To this end, he said the Guyana-American Chamber of Commerce is already tasked with identifying other follow-up activities. He noted too that a slew of investors has submitted proposals to either set up shop or partner with locations to benefit from business opportunities in Guyana.

“We are serious and we are committed, and these two high–level interactions were just the recent part of a continuous ongoing programme that will only escalate to ensure that the Guyanese diaspora is given the opportunity to complement and support, and also to make their input, whether it is investment or skills in the transformation agenda that is taking place in Guyana as our economy grows,” Persaud articulated. In the region, the foreign secretary related that the diaspora unit within the ministry of foreign affairs has been in discussions with the diaspora in Venezuela, Brazil and the Caribbean on business opportunities, as well as offer support for natural disasters.

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