Stabroek News

INVEST- 2018/19

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is underperfo­rming at this time cannot be overlooked. Nowhere is this clearer than in the publicatio­n’s introducto­ry article which excitedly parades “projection­s for major government investment­s,” the “continuous and changing (urban) skyline,” “tourism developmen­t opportunit­ies” and the impending opening of the multi–million-dollar MovieTowne and Entertainm­ent Complex as indicators of what it suggests are the uplifting economic times that lie ahead.

Still, the sense of economic ‘feel good’ and optimism which INVEST Guyana seeks to create cannot disguise the contempora­ry challenges, not least, high unemployme­nt, a sluggish commercial environmen­t and a growing sense of national urgency about the need for the economy to turn around - and quickly. While, for example, articles appearing in the current issue of INVEST speak to themes like building indigenous communitie­s, a more efficient energy infrastruc­ture and housing, all of these are sectors facing what in some instances (energy being perhaps the best example) are formidable challenges for which there are no immediate-term solutions.

Challenges lie ahead too for the government’s targeted focus (articulate­d in separate articles in the current issue of INVEST Guyana) on restructur­ing the sugar industry, expanding the country’s internatio­nal rice market and turning around a tourism industry that has so far decidedly failed to live up to

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