As he addressed hundreds of Guyanese gathered in Queens Village, New York, President Dr. Irfaan Ali said his government will launch an investment venture soon that will allow members of the diaspora to support major projects in Guyana.
“We are going to launch very soon a special investment vehicle to mobilise resources in the diaspora,” President Ali told the Guyanese gathered at the Jericho Palace Banquet Hall in Queens Village.
“Guyana tomorrow is going to create enough opportunities for Guyanese at home and in the diaspora.”
Projects that members of the diaspora can invest in, the President highlighted, include the forthcoming fertiliser plant and the gas bottling facility — both ventures associated with the gas-to-energy project.
This isn’t the first time the President has mentioned such a venture for the diaspora. As Guyana celebrated its 60th Independence anniversary earlier this year, Dr. Ali announced that his government would launch a diaspora bond, allowing Guyanese living abroad to raise funds and invest in public infrastructure projects.
President Ali and Barbadian Prime Minister Mia Mottley had during the Independence anniversary celebrations that the two countries are working towards creating the new “Trident Arrow Investment Fund”, which will allow citizens of both countries to invest in critical infrastructure and long-term national projects.
Mottley said then that the fund will allow citizens to earn sound returns and become owners of projects in their respective countries.
Meanwhile, the Guyanese leader also told the diaspora meeting that his government is investing in several other major projects, including a new highway stretching from Linden to Lethem, and new hospitals for specialised care.
Source: NEW ROOMS SITE
