Peter Ramsaroop

Chief Investment Officer and CEO of Guyana Office for Investment

Opening Doors to High-Value Investment

Peter Ramsaroop, Chief Investment Officer and CEO, Guyana Office for Investment (GO-Invest), shares how Guyana’s pro-business reforms, infrastructure upgrades and close regional ties are unlocking high-value investment prospects across multiple sectors.

“As frontier markets redefine global growth, Guyana is not only keeping pace – it is setting the example.”

Peter Ramsaroop

    • To what extent has Guyana broadened its economic base since the onset of the oil-driven expansion?

      Guyana is not just the world’s fastest-growing economy – it is also one of the most purposefully diversified. Under President Mohamed Irfaan Ali’s Vision 2030, record oil revenues are being reinvested to modernize infrastructure, catalyze non-oil sectors and ensure broad-based prosperity. In 2024, non-oil gross domestic product contributions expanded by 13.1%, driven by a 30.8% surge in construction, 13.5% in manufacturing and 11% in agriculture. The tourism sector received seven international accolades in 2024 and is on track to deliver 2,000 new hotel rooms by 2025 through global brands including Hilton, Marriott and Sheraton.

      Simultaneously, the digital economy is accelerating through the One Guyana Digital program and major investments in information and communications technology (ICT) infrastructure. Guyana has been ranked among Nearshore Americas’ top 10 destinations for business process outsourcing for two consecutive years. The nation is purposefully rebalancing its economy toward high-growth sectors that can power long-term resilience. The Low Carbon Development Strategy (LCDS) 2030 provides the sustainability blueprint, supported by carbon markets and global partnerships.

      GO-Invest plays a pivotal role, facilitating more than $4.67 billion in total investments over the last five years, aligned with national priorities and achieving international recognition through ISO 9001 and Dun & Bradstreet Holdings certifications. The agency is supporting diversification by facilitating agri-processing, hospitality, ICT and industrial investments, such as $40 million in pioneering corn and soya projects.

    • Guyana has emerged as one of the most investor-friendly jurisdictions in the Caribbean and Latin America. Under the Investment Act 2004, foreign investors are guaranteed full repatriation of profits, protection from unlawful expropriation, national treatment and access to international arbitration through the International Centre for Settlement of Investment Disputes.

      With business registration times reduced from three weeks to under one, and the launch of a national Single Window System under Budget 2025, regulatory efficiency is improving rapidly. Double-taxation treaties with the United Kingdom, Canada, Kuwait and the Caribbean Community further enhance cross-border certainty. Over the past five years, GO-Invest has facilitated more than $3.27 billion in foreign direct investment, underpinning Guyana’s economic transformation.

      President Ali’s government is driving a new era of efficient, transparent governance that strengthens investor confidence. The Guyana Revenue Authority’s Single Window System now streamlines company registration, tax and trade approvals. The Central Housing and Planning Authority’s electronic planning system expedites construction and land-use approvals, accelerating project development timelines. GO-Invest works closely with regulatory agencies to offer end-to-end support for investors across all sectors and ensure faster execution and greater transparency – key hallmarks of Guyana’s Vision 2030 governance reforms.

    • Transformational infrastructure is central to Guyana’s growth agenda. Budget 2025 allocates $94.4 million for the new $318-million Demerara River Bridge and $23.4 million for preparatory works on the $236-million Guyana-Suriname bridge. The $72.4-million Palmyra-Moleson Creek Highway will strengthen trade corridors with Suriname and Brazil.

      More than $42.1 million is also being invested in airport modernization to position Guyana as a regional logistics and connectivity hub. GO-Invest has facilitated more than $327 million in shore base and port infrastructure and secured investment agreements for more than ten branded hotels and $467 million in eco-tourism and accommodation developments, reinforcing tourism-led diversification.

    • The Local Content Act is a cornerstone of Guyana’s inclusive growth agenda. The act mandates local procurement in more than 40 categories – expanded in Budget 2025 to include ICT, construction and manufacturing – and has driven significant domestic enterprise development. Private sector credit grew more than 60% between mid-2020 and mid-2024, and more than $743 million was spent on local procurement in 2024 alone. GO-Invest plays an active role in connecting foreign investors with local suppliers, supporting joint ventures and fostering partnerships. Recent initiatives include memorandums of understanding with Invest India and the Suriname Investment and Trade Agency, and participation in World Expo 2025 in Osaka alongside the SME Support Japan program.

    • Guyana is a global model for climate-smart growth. Under LCDS 2030, the country monetizes its forests while preserving biodiversity and generating inclusive development. In 2024, Apple retired 100,000 carbon credits issued under The REDD+ Environmental Excellence Standard or TREES, affirming international confidence. Guyana earned $1.12 million from carbon credit revenues, with funds reinvested in renewable energy, forestry and green innovation.

      The United Nations Framework Convention on Climate Change recognized Guyana with the Champion of Transparency award. GO-Invest targets ESG-aligned capital by engaging in climate finance forums and the World Association of Investment Promotion Agencies’ and Caribbean Association of Investment Promotion Agencies’ missions, connecting sustainable investors with green opportunities in Guyana’s evolving low-carbon economy.

    • Strategically located on the northern shoulder of South America, Guyana is becoming a critical trade and investment hub that links the Caribbean Community, the Southern Common Market and North America. The government’s Loop Strategy expands South-South trade ties while leveraging preferential access under the EU-CARIFORUM Economic Partnership Agreement.

      In early 2025, GO-Invest facilitated investment dialogues with Abu Dhabi Development Holding and the Dominican Republic’s vice president on energy, agri-tech and manufacturing. Guyanese products are gaining international acclaim, with Quai Craft Chocolate and Ten to One Dark Rum winning major awards in 2024. GO-Invest supports export promotion through its dedicated division, having helped more than 137 firms enter foreign markets and exhibit at expos in Canada, China, Brazil and Panama.

    • With over 1.5 million Guyanese living abroad and annual remittances exceeding $400 million, the diaspora is a vital economic asset. Guyana is now actively converting this goodwill into investment. The re-migrant initiative under Budget 2025 offers incentives for diaspora-led ventures in real estate, agri-business and tourism. GO-Invest leads outreach globally, including at the Guyana 2025 Toronto Diaspora Job Fair and the Guyana Diaspora Sustainability and Investment Conference. In partnership with the Ministry of Foreign Affairs and its diaspora unit, GO-Invest is helping global Guyanese professionals become local economic catalysts.

    • The nation is on a clear path to becoming a resilient, diversified and globally respected jaguar economy. Through disciplined fiscal policy, targeted reinvestment and a bold vision for innovation and inclusivity, Guyana is laying the groundwork for sustained prosperity. From clean energy to smart agriculture and ICT to logistics, the country is opening doors for investors seeking long-term value. GO-Invest remains at the forefront, prioritizing high-quality and impactful investments that align with national goals. As frontier markets redefine global growth, Guyana is not only keeping pace – it is setting the example.