What is widely felt to have been inexplicable sloth on the part of successive political administrations in taking advantage of the potential for deeper bilateral economic and trade cooperation with neighbouring Brazil could be at an end if the recent pronouncement here in Georgetown of a likely imminent and significant investment-related move here by South America’s largest country materializes.
Last week, Chief Executive Officer of the Guyana Office for Investment (Go-Invest) Owen Verwey told Stabroek Business that arising out of a visit to Brazil in April this year by a multi-sectoral team of government officials the Government of Guyana is anticipating two separate visits here by Brazilian officials that is expected to yield a formal proposal for a large-scale investment in an agricultural project here.
Verwey provided no details of the likely investment though he said that the visits are expected to take place by the end of next month.
