By Josiah Williams
The People’s Progressive Party (PPP) has firmly dismissed assertions from the opposition regarding the government’s investment strategy, with General Secretary Dr. Bharrat Jagdeo affirming that Guyana is poised for significant investment opportunities.
During a recent press conference, Dr. Jagdeo emphasized the abundance of investments across various sectors in Guyana, positioning the country for future prosperity.
Dr. Jagdeo highlighted the remarkable surge in investments over the past three years, prompting the government to adjust its investment approach to ensure strategic allocation of resources.
He emphasized the need for caution in mobilizing investors to prevent economic overheating, underscoring the importance of targeted investments.
Contrary to the opposition’s claims, Dr. Jagdeo pointed out that Guyana has attracted substantial investments not only in the oil and gas sector but also in tourism, promising sustainable economic growth and job creation.
He cited the development of approximately ten new hotels as evidence of Guyana’s attractiveness to investors.
Moreover, Dr. Jagdeo emphasized Guyana’s advantageous position in comparison to the region and the wider Western Hemisphere in terms of investment opportunities.
He highlighted the influx of investors in agriculture and infrastructure as further indicators of Guyana’s investment potential.
In addition to domestic investments, Dr. Jagdeo noted the increased financial support from foreign lending agencies, potentially paving the way for more large-scale projects across the country.
The PPP remains confident in Guyana’s investment landscape, asserting its commitment to fostering continued economic growth and development through strategic investment initiatives.