$11.5M approved for GO-Invest 

The Parliamentary Committee of Supply approved $11.5 million in supplementary funds to facilitate the expanded work programme of the Guyana Office for Investment (GO-Investment). 

Minister of Parliamentary Affairs and Governance Gail Teixeira explained that this sum is being requested to offset the costs associated with the agency’s participation in a number of unplanned events. 

Those events include the International Energy Expo, the International Building Expo, the Saudi Arabia investment engagement, the Agro-investment forum and the Agro-fest in Barbados. 

Through these events, the Governance Minister, the Office has been able to push Guyana’s position as an ideal investment destination. 

This $11.5 million sum is part of Financial Paper No. 3, wherein $44.4 Billion is being sought. 

Overall, the government is seeking parliamentary approval for another $47 billion in supplementary funding to offset the costs it incurred by agreeing to absorb the increase in electricity rates and other much-needed works such as the completion of roads and bridges.

Members of the National Assembly are considering this request on Monday.