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Guyana understands in order to grow a
larger middle class, employment and business opportunities
for all, there must be economic
growth in multiple sectors. Guyana
has a large country
population of English speaking citizens. By developing
multi industry services sector and ancillary manufacturing,
reducing low value extraction based activities; Guyana
will be well equipped to exploit these developments
to fuel its rapid progress. Chronic problems include
a shortage of skilled labor and a deficient infrastructure.
The government
is juggling a sizable external debt against the urgent
need for expanded public investment. Guyana also has
an over reliance on one market for imports and exports
which is having a damaging affect on the economy.
“The preoccupation must cease to be about
preventing, restricting and depriving and become about
liberating and expanding economic and social opportunities,
jobs and resources”. The
President of the Co-operative Republic of Guyana, His
Excellency Bharrat Jagdeo, May 4, 2001
Guyana key investment
sectors are…
- Agriculture and Agri-Business
- Fishing and Shrimping including aquaculture
- Housing
- Information Technology/Data processing
- Manufacturing
- Mining and Minerals
- Tourism and Hotel Development
- Travel and Hospitality
- Wood Processing
Our approach is to develop projects, technology transfers,
investments and import/export activities under a socio-economic
architecture and detail design of projects. Grina will
provide the global best practices and advanced economic
models to manage the effectiveness of projects &
policies. This includes economic equilibrium and multi-market
consideration and well as demand creation.
What separates Grina Technologies from most companies
is that they only look for their specific interests
and are not interested in the dependencies of any activities,
let alone think about multi-lateral, mutual benefit,
sustained trading.
Latest News: Grina is working to identify and promote
specific projects that are compatible with the needs
of Guyana.
GDP: US$2.899B Imports: US$ 650.1M(2004) Exports: US$
570.2M(2004)
Other items of interest:
The National Assembly passed Investment Bill #17 in
2003, designed to stimulate socio-economic development
and to attract and facilitate foreign investment. However,
Bank of Guyana statistics show that foreign direct investment,
outside of the telecommunications sector, has decreased
in recent years. Foreign direct investment in Guyana
decreased from US$43.5 million in 2002 to US$26.1 million
in 2003.
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