Minister seeks raised profile for tourism sector through July Georgetown investment forum

Oneidge Walrond

Guyana’s Tourism, Industry and Commerce Minister, Oneidge Walrond, has said that Guyana and the wider Caribbean seeks to attract investors who are “committed to the sustainable development of the countries and communities within which he or she operates and from which they derive value.” “We seek those who will remain with us through thick and thin as we experience those inevitable external shocks that are the reality of our Caribbean existence. In short, we wish to see patient investment which prioritizes long term returns that emanate from the sustainable, resilient economies that we hope to build, rather than cashing in on short term windfalls. Our ideal investor has a long-term horizon for return on capital as opposed to the infamous quarterly earnings’ targets which are manifestly ill-matched to the realities of our economies and our existence,” the Minister said.