Private Sector Commission (PSC) believes that the Guyana Office for Investment (GO-Invest) is ill-equipped to effectively execute its mandate at this time and is unlikely to be able to do so unless it becomes free to attract its own international funding.
“A modern investment agency needs more money, more reach and offices outside of Guyana,” the PSC said.
However, the local business support organization (BSO) has expressed its support, in principle, for the role of state investment promotion agency, adding that the private sector had begun to pursue collaborative initiatives with GO-Invest. “We have started to co-host investors with GO-Invest and these have proven very successful,” the PSC said.
