As economy slows, Canadian diaspora investment $$ being sought

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Prime Minister Moses Nagamootoo at the Investment Forum in Canada. (Ronald Nardeo photo)
Prime Minister Moses Nagamootoo at the Investment Forum in Canada. (Ronald Nardeo photo)

[www.inewsguyana.com] – As signs emerge of  a slowing down of the Guyanese economy, there are renewed attempts to woo the Guyanese diaspora to invest and boost economic growth.

Minister of Governance Raphael Trotman announced that several investment proposals have been received, from the Guyanese Diaspora in Canada. These proposals are within the natural resources and infrastructural development sectors, and are currently being reviewed and considered by the Government.

A high- level ministerial delegation recent visited Canada. The team made up mainly of the AFC component of the coalition  included, First Vice President and Prime Minister Moses Nagamootoo, Public Security Minister Khemraj Ramjattan, Minister of Public Infrastructure David Patterson and Minister of Business and Investment Dominic Gaskin. 

Minister Trotman, who briefed the media on Cabinet’s  recent meetings, stated that, “This visit was a ‘follow- up’, suggested by President David Granger, who on his own, visited Canada in September, after noting the overwhelming willingness of Guyanese in the Diaspora, to return home and be involved in the development process,” he said.

“The team reported that it was rather overwhelmed with the number of proposals received, which all show, as I said, the high enthusiasm of Guyanese in the Diaspora, because persons travelled from the United States as well to attend. There is a high expectation of involvement, and they are ready to come and invest in Guyana,” Minister Trotman stated. [Extracted and modified from GINA]

2 COMMENTS

  1. he and david save the country though – we do not have more of the same – drug dealing, corruption, and fear among the guyanese masses, and by the way mass murders – regarding crime they must have new strategies and no doubt get rid of some folks in the police department or shift folks around – give the coalition a chance.

  2. I dont know who they trying to fool,no one will come here to invest,they are not safe from the time they land at the airport more so start a business,Nagga only trying to wipe shame from his face by trying to fool us,this is his excuse to spend our money on his vacation,look at him smiling over the plate of rice.

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