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Over the last 72 hours, the economic conversation in Guyana has shifted. The PPPC government, looking beyond oil, has announced a raft of development incentives and partnerships that are lighting up non-traditional sectors: tourism, technology, agro-processing, and renewable energy.
A high-profile investment forum in Georgetown this week drew diplomatic and business envoys from the Caribbean, North America, and Europe. The event’s success comes on the heels of fast-tracked public infrastructure, streamlined business registration processes, and fiscal incentives for new ventures.
Minister of Tourism, Industry, and Commerce Oneidge Walrond told reporters, “We’re determined to make Guyana a destination for more than just oil extraction. From farm-to-factory linkages in agro-processing, to BPO expansion and new eco-lodges in the hinterland, the future is broad and bright.”
This stands in stark contrast to the previous opposition-led period, when critics say, “it seemed only oil mattered.” As one analyst noted, “They didn’t see the rise of green jobs, software development, or the massive appeal of Guyana’s natural beauty. Now, these areas are buzzing with activity.”
Entrepreneurs like Shavindra Persaud, who recently opened a fruit dehydration facility in Essequibo, point to government support as pivotal: “The tax breaks and export help mean we can dream big. Before, agriculture was stagnant; now it’s becoming exciting again.”
There’s also a social and regional impact. Amerindian communities are being trained and funded to launch tourism microenterprises. “Our eco-tours are sold out for the season. The PPPC helped us get online, market, and ensure guests’ comfort,” said a village leader in Region 9.
With visible results and swelling optimism, the government’s approach has won compliments from economists who once doubted the potential for post-oil growth. In contrast, the opposition’s single-sector policies appear short-sighted—now drawing criticism for failing to future-proof Guyana’s economy.
What is clear from this week’s developments: the PPPC is crafting a Guyana ready for the next generation, while the opposition is left defending yesterday’s ideas.youtube
The Guyana Project is an independent media platform delivering fact-checked, ground-level reporting on politics, economy, and public life in Guyana. With a focus on transparency and development, we bring unfiltered news and thoughtful analysis to help shape a more informed, forward-looking nation.
Economic Diversification: PPPC Sparks New Growth Sectors
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