United States (US) Ambassador to Guyana Sarah-Ann Lynch, during a courtesy call on Chief Executive Officer of the Guyana Office for Investment (GO-Invest) Dr Peter Ramsaroop on Wednesday, says business relations between her country and Guyana and the US are stronger now than at any other time.
The courtesy call served as a follow-up to a visit last year by a team from the US International Development Finance Corporation, and according to Ambassador Lynch, she was happy to have met with the agency to discuss several areas of mutual interest.
In October last year, Chief Executive Officer of the US International Development Finance Corporation Adam Boehler led a delegation of US private sector stakeholders on a two-day visit to five Caribbean countries, including Guyana and neighbour Suriname.
During the delegation’s stop in Guyana, representatives met with Guyana’s business community to discuss several investment initiatives and opportunities arising from the Growth in the Americas memorandum of understanding.
In her update on Wednesday, Ambassador Lynch stated: “We are talking about US business opportunities here — public-private partnerships perhaps — and I am just learning about Dr Ramsaroop’s priorities and where the development possibilities are for the future of Guyana at this important time.”
She also pointed out that as relations between the two countries continue to improve, she is looking forward to working with more closely the Government of Guyana, especially since “there are many opportunities here for US investors”.
For his part, Dr Ramsaroop shared that, “There are significant US companies coming into the country looking for where those opportunities are.”
The Go-Investment head further noted that investment opportunities are in keeping with Guyana President Dr Mohamed Irfaan Ali’s vision for transformational development and span several sectors. At the same time, he thanked the US ambassador for her advocacy for Guyana’s democracy.
The Guyana Government, following the visit from the US International Development Finance Corporation, has stated that it expects US$200 billion in investment from US business interests, according to a local news report.
In fact, at AmCham Guyana’s second annual general meeting last year, Ambassador Lynch explained: “It is now normal to expect an increasing amount of commercial interest in Guyana. I get calls from US companies regularly. Just last week, I met with the Business Council for International Understanding, a US-based organisation …whose members include Fortune 500 companies interested in what Guyana has to offer.
“The company representatives inquired about a broad range of investment opportunities including investment in the oil and gas sector, housing and urban development, environmental resiliency, satellite imagery and security services, just to name a few,” she continued.