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Guyana: New investment, export strategies coming

THE export and Foreign Direct Investment (FID) potential in Guyana was not realised in the past because of the lack of a strategy and an action plan, but this is about to change with the launch of two consultancies for the design of export and investment strategies.

The consultancies will last for nine months. Consultants, IOS Partners Inc. and Global Partners Consulting LLC will provide consultancy services on two topics which include the review and the redesign of the trade and investment framework for Go-Invest and the design of export and investment strategies and the implementation of those strategies.

Guyana was unable to connect fully, the local economy to FDI opportunities, but the two Inter-American Development Bank (IDB)-funded consultants are expected to shift the practice in quality and standards, by supporting and promoting expert activity under a modern framework.

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