Guyana is set to become “the apple of the eye” financial hotspot globally

Dear Editor,
Undoubtedly, Guyana promises to experiment with variables that can only achieve an end result depicting economic sustainability and successful viability. Its economic development plan is widely sought after and there is an international crave to satiate meaningful participation by contributing financial and human resources. Guyana’s growth is guaranteed to catapult and challenge the leading economies in this hemisphere because of its rich natural resources, especially with the advancement of its new oil industry and the potential harnessing of gas to shore also.
With the improvisation of the sugar industry, opening of the three factories will embellish the economy and augment the income of Guyanese. The capturing of new rice markets is another booster. Promises of the much-vied bauxite industry can reawaken further prosperity. The gold and mining industry is already propelling to new heights along with the restructuring of the timber industry.
Agriculture month is set to propel a new surge that will cultivate a dynamic interest to break previous records with other cash crops production. This new PPP/C Government has the blessings and support from global investors, including also local and regional entrepreneurs. It’s not a myth or dream anymore but a reality show that daily erodes any illusion.
With a young, vibrant and intelligent team committed to work honestly and earnestly for the sole interest of the people and the nation, the PPP/C ‘s election manifesto is gradually taking shape and form on a daily basis. Much to the demise and detriment of the APNU/AFC Party, their greatest nightmare and fear is being realized as, Guyanese are seeing for themselves the honesty and integrity of the current government, versus, the lies and deceitfulness from a corrupted past government.
The International Development Finance Corporation (DFC) has recently announced and pledged the availability of some US$60 billion towards investment purposes to Guyana. This US government-run bank is seeking to win bids so that the bank can provide capital to help build Guyana’s infrastructure and develop other sectors according to its Chief Executive Officer, Adam Boehler.
It is anticipated that the lending terms and interest rates would be cheaper and more challenging than other competitors, especially the Chinese. Much displeasure has been expressed in the unsatisfactory manner in which Chinese projects were accomplished including, the Skeldon Sugar Factory, Arthur Chung Conference Center, the Marriot Hotel and the Cheddie Jagan International Airport. As such, a dramatic shift is expected as foreseen and predicted by the US Secretary of State, Mike Pompeo. The Canadians and British are not asleep as well as the EU and they are all cognizant of the need to capitalize on this latest venture. Guyana is indeed an untapped gold mine, waiting to be explored by foreigners and at the said time, exploited!
As per telephone conversation with President Irfaan Ali, Qatar has committed itself to supporting Guyana’s development also as an indication to strengthening diplomatic relations. They have seen the feasibility of prospects in a number of areas including energy, oil and gas, services and infrastructure also. The Emir of Qatar, His Royal Highness, Sheik Tamim bin Hamad Al Thani had discussed collaboration and cooperation to further support the Agriculture Sector, expanding the housing programs and other critical areas.
Not to be left out or behind, our close neighbor Suriname, is visiting with a three-man delegation and is currently involved in discussing various areas of mutual interest with their Guyanese counterparts. Both countries are looking forward eagerly to strengthening the bilateral relationship and commence early initiatives in realizing various objectives including, the creation of a framework in culture, sports and tourism; health infrastructure; bridging the Corentyne and Suriname crossing; the field of education and information and computer technology; agriculture improvisation; security and external trade and economic divestment between the two nations. This is a sure step towards fusing a closer relationship, established a long time ago between citizens of these two countries.
Despite the repercussions from the deadly coronavirus pandemic, the dilapidated and bankrupt economy inherited from the ruthless past government and the reckless mismanagement from the APNU/AFC Party, all the corruptions and misappropriation of funds, the ravaging political scene; the instigative racial issues and orchestrated violence agitated by known political leaders; the prevailing destabilizers and dangerous democratic thwarters, the PPP/C government will not allow any opposition undermining to prevent them from exercising their rightful duties.
In fact, Guyana is steadfastly gaining accelerated momentum in the eyes of the international community as they seek cooperation to participate in the development of the economy. More respect and tribute is being paid to the President and his team as more commitments for help and support keep pouring in from different sources.
As President Irfaan Ali said Thursday on a virtual zooming as the Head of State delivering the keynote address to the Forecast on Latin America and the Caribbean Conference, hosted by the Association of American Chambers of Commerce and Latin America and the Caribbean (AACCLA), “Guyana is about to become the investment colossus of the Caribbean. It will become the region’s most exciting investment destination. Now, therefore, is the right time to be doing business in Guyana.
Despite the economic problems caused by the Coronavirus pandemic, our country’s prospects have never been brighter or more promising.” Guyana is indeed on the move and is set to become the most exciting and prized investment in the Caribbean and also, “The apple of the eye” financial hotspot, globally.

Respectfully,
Jai Lall