Guyana, US ink pact for private sector investment in infrastructure

President Irfaan Ali and United States Secretary of State Michael Pompeo exchanging greetings at State House (Office of the President photo)

As Guyana and the United States yesterday signed an agreement to bolster private sector investment in infrastructure,  visiting Secretary of State Michael Pompeo steered clear of pronouncements  on this country’s controversial 2016 Production Sharing Agreement (PSA) with ExxonMobil, saying simply that his government will support investment opportunities here for Americans.

“The negotiations with the Guyanese Government are between Exxon and the Guyanese Government.  Look, we all – they’ve encouraged us to assist in foreign direct investments.  We’ll do the things we can to help American companies be successful, have access, have opportunities to engage in fair and transparent business dealings with Guyana,” Pompeo yesterday said at State House following the exchange of a framework Agreement to strengthen energy and infrastructure finance and market building cooperation between the two countries, in the context of the Growth in the Americas Initiative.