By Saskia Warrick
December 17, 2024
As Guyana looks towards a future of economic transformation, strategic investments in key sectors such as infrastructure, training, and institution-building will be essential for the country’s continued growth, according to British High Commissioner to Guyana, Jane Miller.
With the country’s rapidly expanding economy, bolstered by its vast natural resources and oil revenue, Guyana is positioned for significant development in the coming years.
Miller pointed out that the tourism sector, alongside the burgeoning oil and gas industry, offers substantial potential for growth and global recognition.
To fully capitalize on these opportunities, she emphasized the importance of establishing and strengthening institutions to manage the anticipated oil revenues, particularly from 2027 to 2030.
Effective management and planning will be critical to ensuring that the country’s resources are utilized in a way that promotes long-term prosperity and sustainability.
Miller also stressed the importance of modernizing infrastructure to keep pace with the country’s expanding economy.
Investments in tourism, which will benefit from Guyana’s natural landscapes, are expected to enhance the country’s reputation as a premier travel destination.
With the oil and gas industry driving much of the country’s current transformation, Miller noted that sectors like tourism, infrastructure, and other industries are set to evolve rapidly, increasing Guyana’s visibility on the global stage.
The anticipated growth in these areas is expected to foster increased investment and strengthen Guyana’s international partnerships.
As the country continues on its trajectory toward economic development, the British High Commissioner highlighted that a collaborative approach and long-term planning would be crucial for realizing Guyana’s full potential as a high-income economy and a global tourism destination.