Government, private sector sign symbolic MOU:Guyana

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GEORGETOWN, Guyana – The Guyana Office for Investment (Go-Invest) and the Private Sector Commission on Friday signed a symbolic Memorandum of Understanding (MoU) which puts forward a framework for partnership between the government and the private sector.

The Memorandum was signed by Chief Executive Office of Go-Invest Dr. Peter Ramsaroop and Chairman of the Private Sector Commission Nicholas Boyer.

According to Ramsaroop, Go-Invest operates with direct instructions from the President’s Office to push both local and foreign investment in Guyana. The MoU intends to allow the government to execute its own agenda, to work closely with local entities to promote investment.

Through the MOU, the private sector entities stand to benefit from a range of incentives, in addition to collaboration with international and foreign investors, the promotion of joint ventures, and different activities.

“I am glad the PSC and its Chairman have decided to work with GO-Invest in signing this agreement, and we look forward to closer relations between the government and private sector,” he said.

Meanwhile, Boyer thanked the Go-Invest CEO for the opportunity to be part of the symbolic action in cementing the relationship.

“We had a relationship before, but this here represents the next step, and the deepening of ties between the two bodies… what is ahead for Guyana is significant, and the private sector needs to work on developing itself and what better agency than Go -Invest,” he added.

Boyer said the PSC expects several international companies to be soon expressing interest in the local markets. At the same time, locals will have the opportunity to reinvest in Guyana and expand.

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