PPP/C commits to facilitating investments in oil and gas

A WELCOME feature of ‘Guyana 2.0’, the vision of the People’s Progressive Party/ Civic (PPP/C) for the next five years is the focus on facilitating investments in the oil and gas sector.In the excerpt of the manifesto made public on Sunday, the party committed to: “The creation of jobs, increased income and greater wealth for our people will be driven by a balanced approach to ensure buoyant and sustained growth from both traditional economic sectors such as sustainable mining, forestry, sugar, rice and from new economic frontiers.”
The PPP/C committed to facilitating increased domestic and foreign direct investments in the area of oil and gas exploration and extraction, as well as in agro-processing and agro-business, environmental and climate services and tourism and hospitality.
“Such investments are made possible by a prudent and business-friendly macro-economic framework,” the document said, pointing to the eight consecutive years of economic growth and Guyana’s ability to withstand the crippling effects of the global financial crisis.
Additionally, President Donald Ramotar, in February, dropped the proverbial bombshell when he announced that Guyana is to soon join the ranks of the oil and gas producing countries.
“We cannot stand still,” he said. “We can never be content with what we have, because standing still is to be left behind in a rapidly changing world. We have no choice but to go ahead,” he said then.

THERE can be no doubt that Guyana has come a long way in terms of the creation of a modern and broad-based economy. There is no longer almost complete reliance on the traditional sectors of rice, sugar and bauxite for our foreign exchange earnings as in previous years, even though these three sectors together continue to employ a significant proportion of the labour force. In this regard, the assurances given by President Donald Ramotar to inject significant resources to ensure the continuing viability of sugar and rice is highly commendable.

This is why it is so important that we cannot go back to the days of a stagnant economy, runaway inflation, and a sinking dollar. We have made substantial progress over the years which has impacted positively on the quality of life of the Guyanese people.

He contends that Roopnarine’s comments seem to be an attempt to prepare the political Opposition’s supporters for a loss at the upcoming polls.
“In our view the Opposition appears to be preparing their supporters not to accept the May 11, 2015 results after their defeat,” Rohee surmised

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