* Guyana’s President Irfaan Ali has urged a visiting European Union (EU) business delegation to explore the “vast investment opportunities” that Guyana has to offer. He made his comments at a forum held in Guyana’s capital, Georgetown, an event marking the start of a three-day EU Global Gateway Economic Mission to Guyana which brings together representatives from 23 companies across various industries according to Guyana’s department of public information (DPI). According to a DPI press release, President Ali emphasised the “substantial investment opportunities that Guyana presents, particularly in healthcare, agriculture, tourism, and new technologies”. He also highlighted that trade between Guyana and the EU has skyrocketed over the past three years. According to the DPI trade grew by 778% between 2021 and 2022, from US$614m to US$5.4bn, while between January 2017 and September 2023, Guyana’s total trade within the EU amounted to US$11bn. The DPI notes that the delegation is being encouraged to invest in Guyana at a time when the country is experiencing remarkable economic growth, averaging over 43% in the past three years, far surpassing the global average of 2.3%. This growth has been fuelled by the discovery of significant oil and gas reserves, with Guyana poised to produce at least 1m barrels of oil per day by 2027.
- ARGENTINA: Milei promises mass privatisation
- COLOMBIA: Former army commander charged with false positive murders
- In brief: Ecuador ends electricity subsidy for industrial sector
- BRAZIL: Lula launches new racial equality measures
- In brief: Brazil’s Lula signals urgency on ratifying EU-Mercosur deal
- PANAMA: Key mine warns of stoppages
- In brief: First EU business mission to Guyana
- MEXICO: Presidential pre-campaigns get underway
- In brief: Mexico issues decree prioritising passenger rail services
- In brief: Chile’s economy grows in Q3