By Celestine Chacon
February 20, 2025
GEORGETOWN, Guyana – Investors from around the world have been assured of the Guyanese government’s commitment to fostering a supportive and stable business environment.
This pledge was reiterated by Minister of Finance, Dr. Ashni Singh, during his address on the third day of the Energy Conference and Supply Chain Expo.
In his presentation, Dr. Singh emphasized the country’s responsible approach to economic growth, underscoring the administration’s dedication to facilitating new business ventures.
He highlighted the significant progress made in the non-oil economy under the leadership of the People’s Progressive Party Civic (PPP/C), citing economic management successes from 1992 to 2014 and from 2020 to the present.
The finance minister pointed to the dramatic reduction in Guyana’s debt-to-GDP ratio, which fell from 617% to 38.7% before the discovery of oil.
He used this example to illustrate the government’s track record of prudent financial management, reassuring investors that the administration led by President Dr. Irfaan Ali remains committed to maintaining fiscal responsibility.
Dr. Singh further assured investors that Guyana is well-positioned to meet its debt obligations while continuing to fund critical infrastructure projects and social services.
He acknowledged that many investors are considering long-term commitments in Guyana and stressed the importance of a reliable and credible economic environment to sustain these investments.
His remarks reinforced the government’s ongoing efforts to attract and retain investors by ensuring economic stability and responsible governance.