Government Initiatives Aim to Break Down Business Barriers in Guyana
Business and Economy Local Development News One Guyana

Government Initiatives Aim to Break Down Business Barriers in Guyana

The government of Guyana, under the leadership of President Irfaan Ali, is implementing policies and strategies to dismantle barriers hindering the growth and development of local businesses and foreign investors in the country.

This commitment was emphasized by Finance Minister Dr. Ashni Singh during an event held at the Pegasus Hotel in Kingston, Georgetown.

Recognizing the challenges faced by small domestic markets in expanding their products to other regions and achieving regional and international recognition, the government is taking steps to build and enhance infrastructure networks that connect Guyana with neighboring countries.

Dr. Ashni Singh highlighted that these infrastructure improvements would enable Guyanese businesses to engage in a larger economic space by purchasing inputs from neighboring countries.

Hon. Dr. Ashni Singh, Senior Minister of Finance, explained that the government is actively working with CARICOM (Caribbean Community) to address maritime transport challenges.

This collaborative effort aims to facilitate smoother trade and more efficient business dealings within the Caribbean region.

Currently, Caribbean officials and investors are engaged in discussions to explore ways to break down trade barriers, enhance cooperation, and foster a more streamlined flow of business activities.

These initiatives reflect the government’s commitment to creating an enabling environment for businesses in Guyana and promoting economic growth and development.

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