Citing the burgeoning oil and gas industry, US Ambassador to Guyana, Sarah-Ann Lynch says that economic diversification is “absolutely critical” to achieving prosperity for all here and staving off the Dutch Disease.
Delivering an address to the Guyana Manufacturing and Services Association’s Annual General Meeting at the Ramada Princess Hotel yesterday Lynch also stressed the need for modernization of the tendering process.
“Economic diversification is absolutely critical to achieving prosperity for all. Just as Guyana’s high tide enables bigger ships to come to port, economic diversification can be a high tide that lifts all sectors and all people of Guyana. In addition, diversification will serve as a guard rail for Guyana against the Dutch Disease”, she said.
