Georgetown : Guyana will be hosting to an investment seminar on June 27 titled “Maximising Investments and Opportunities in Guyana. This was announced by Government’s spokesman Dr. Roger Luncheon.
It is coming at a time when the country is making significant achievements in foreign direct investments owing to a favourable economic environment that prevailed even throughout the global and financial crisis.
The Government has been saying that such achievements were influenced by a policy position to liberalise the economy, maintain exchange rate stability, low inflation rates, a manageable debt to Gross Domestic Product (GDP) ratio and healthy international reserves.
Dr. Luncheon alluded to foreign direct investments last year and which were reflected in Guyana’s annual Gross Domestic Product (GDP). In a United Nations Economic Commission for Latin America and the Caribbean (ECLAC) report, Guyana earned US$294M foreign direct investments. This figure represents a 19 per cent increase from the previous year’s US$247 million.
The recent signing of the trade and investment framework with the United States, Dr. Luncheon said, has guaranteed broad based donor support both for trade and investment and Guyana’s Financial Action Task Force on money laundering (FATF) obligations.
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