Locals, not foreigners, leading Guyana’s investment portfolio — Ramsaroop

Guyana’s economic expansion is being increasingly driven from within, with local investors accounting for a significant percentage of direct investments in Guyana’s economy last year.

Guyana’s Chief Investment Officer, Office of the President, and Member of Parliament, Peter Ramsaroop, highlighted this at the Private Sector Commission (PSC) Membership Mixer this evening.

Delivering remarks at the event on Friday evening, Ramsaroop underscored the growing strength of Guyana’s domestic private sector, revealing that $64 billion of the $157 billion in investment projects signed last year came from local businesses, and urging greater recognition of their role alongside foreign direct investment.

He signaled a shift toward more strategic, targeted investment, noting that Guyana is no longer simply open to any form of capital inflow but is actively seeking investors in priority sectors such as agro-processing and manufacturing, supported by lower energy costs.

Furthermore, he emphasised alignment between public and private investment, pointing to the national budget presented by Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, as a clear guide for investors, encouraging the private sector to “follow the money” by investing in areas where the government is already committing resources.

The membership mixer was held in honour of Mr. Christopher Kit Nascimento and his longstanding commitment as a leader within the commission. Mr. Nascimento is a respected communications specialist who has championed good governance, transparency, and a stable business environment throughout his tenure.