Regional integration fundamental to Guyana’s national development – President Ali

(Department of Public Information Press Release) His Excellency Dr Irfaan Ali called regional integration a fundamental pillar of Guyana’s economic development while speaking at a virtual panel discussion today.

The event, organised by the Global Business Leadership Forum, was chaired by the Executive Director of the Caribbean Export Development Agency, Deodat Maharaj, and included other organisations from North America.

The President said that CARICOM has “enormous” economic potential and that Guyana is willing to provide a platform through which investors can realise such. He also mentioned upcoming events to facilitate this, including the country’s hosting of the region’s Agriculture Investment Forum in May.

The President said that although Guyana’s Oil and Gas Sector continues to make the headlines, his Government remains committed to developing “a well-diversified” economy that will lead to a sustainable path to prosperity.

“Not only country prosperity but people prosperity, and a country that brings the region together and contributes significantly to regional prosperity. There is a difference between economic development and financial prosperity. We do not want people to have financial prosperity without economic development.”

The President explained that while trade barriers still exist between CARICOM nations in a “major way”, recently, there has been a greater push to remove them.

Read more at: Department of Public Information

Source: CARICOM TODAY