Investors and business executives from across the Caribbean region are in Guyana for the Caribbean Investment Forum, and they have been urged by President Irfaan Ali to seek out opportunities in Guyana.

Addressing the opening of the 3rd Caribbean Investment Forum at the Authur Chung Convention Centre on Wednesday evening, the President encouraged the delegates to take advantage of the investment opportunities that are available in Guyana, stating that the country is diversifying its economic base to develop a non-oil economic pathway.

“Guyana is not hedging its future on oil, we are modernizing and investing in traditional sectors and new sectors to make these sectors more competitive and to ensure that these sectors can be successful. As a result, if you look at the growth profile of the country you will see that every sector has achieved significant growth over the last two years,” the President stated.

According to the President, the Government has been making investments of its own in a number of key sectors to ensure growth and development. He said the people of the Caribbean must also enjoy the growth and prosperity of Guyana. 

To this end, he said the Government has made it easier for investors to invest in Guyana.

“Guyana is open to investment and has a very friendly investment environment. Guyana offers generous and favourable investment incentives and has an open foreign currency market, low inflation and a stable financial. Investors are permitted to unbridle repatriation of their profits,” the President noted.

It was also noted that the stage has been set locally to make investing in Guyana as hassle free as possible.

“There are numerous investments opportunities, but in every single sector, we have outlined to you of opportunities that exist here in Guyana. It is a diversified portfolio—energy, wind, hydro, solar, agriculture, forestry, manufacturing, mining tourism and housing. And we do have challenges that we have to confront but we are developing strategies to overcome them,” the President noted.

The President also noted the need for the building of a more robust financial system that should be welcomed by potential investors.

The investment forum is discussing a number of key issues related to investment in the Caribbean, including sustainable agriculture investment, green economy transition and digitization of businesses along with sustainable economic growth.

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