saturday 21st may, 2022
No.106729
US$7.5B in private sector investment needed –– for CARICOM to achieve its '25 by 25' goal, says VP Jagdeo
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Tourism, agriculture, energy, air transportation
President, Dr Irfaan Ali and Antigua and Barbuda Prime Minister, Gaston Browne, at the signing of the Memorandum of Understanding (MoU) at State House on Friday (Office of the President photo)
–– among areas of economic co-operation covered in MoU signed by Guyana and Antigua and Barbuda The governments of Guyana and Antigua and Barbuda, on Friday, signed a Memorandum of Understanding, providing for economic cooperation in eight areas, including tourism, financial services, agriculture, air transportation and energy. The memorandum was signed at State House in Georgetown by President, Dr Irfaan Ali and Antigua and Barbuda’s Prime Minister, Gaston Browne. The two leaders observed that the memorandum was another step in the many collaborative efforts in which Antigua and
Barbuda and Guyana have been involved since the governments of the two countries, along with Barbados, launched the Caribbean Free Trade Agreement at Dickenson Bay in Antigua in 1965. Recalling that Antigua and Barbuda has been home to a significant number of the Guyanese diaspora for decades, President Ali remarked that there was every basis for the strengthening of economic relations between the two countries, bringing benefits to their people. “This agreement will open opportunities
for the private sectors of both countries, in several sectors, including tourism, in which Antigua and Barbuda is regarded as a world leader,” Prime Minister Browne said. He added that financial institutions will also be able to cooperate in expanding the range of services offered to their clients. On regional air transportation, President Ali noted that transportation was identified by CARICOM Heads of Government who attended the Agri-Investment Forum and Expo in Guyana this week as “an important factor in achieving food security in the Ca-
ribbean”. “Therefore, we will closely examine the possibility of collaborating with Antigua and Barbuda in the provision of air transportation as an important element in moving produce from Guyana to other parts of the region,” said President Ali. The two leaders will establish a Working Group by June 7, with a mandate to examine and make recommendations on ways to implement the areas of cooperation, as early as possible. (Office of the President)
Contract signed, sod turned to upgrade US$190M Linden to Mabura Road
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