The Caribbean Association of Investment Promotion Agencies (CAIPA) held its Annual General Meeting (AGM) on December 11, 2024 and elected Guyana’s Peter Ramsaroop as its President.
The organization is home to 24 member countries in the Caribbean and 25 investment promotion agencies within these territories.
A release from CAIPA said that the meeting marked the end of Ronald Theodore’s tenure as CAIPA President. Theodore, who is also the CEO of the Grenada Investment Development Corporation (GIDC), passed the baton to the newly elected President, Dr. Peter Ramsaroop, Guyana’s Chief Investment Officer and Agency Head of the Guyana Office for Investment. Reflecting on his time in office, Theodore stated:
“Despite challenges, my term as CAIPA President saw significant achievements, particularly in delivering crucial investment promotion training. I’m proud that we thrived after unexpectedly becoming independent in 2022. My heartfelt thanks go to all members for their unwavering commitment. I’m confident CAIPA will continue to exemplify how regional collaboration can bring both regional as well as national benefits to its members because working together really works!”
The release said that Ramsaroop brings a wealth of experience to his new role as CAIPA President. He has been Guyana’s Chief Investment Officer under the Office of the President, where he has played a pivotal role in Guyana’s economic development for the past four years.
“Our focus this term will remain on aligning CAIPA initiatives more closely with CARICOM objectives. As the Region emphasizes sustainable investment in climate resilience, energy, and agricultural security, we will prioritize both Foreign Direct Investment (FDI) and local investments to foster and enhance prosperity across all member nations. Success will be measured by our ability to create synergies between key sectors such as tourism, manufacturing, blue economy, agriculture, ICT, and other strategic industries. This will be a major objective of my term in office, working in close collaboration with fellow Board Members and every Investment Agency within the Region”, Ramsaroop said.
