Mr. Paul Wessendorp, Chief of the investment Promotion Sector at United Nations Conference on Trade and Development (UNCTAD) and Ms. Suzette Hudson, Senior Adviser for Investment Promotion at Caribbean Export paid a courtesy call on Minister of Business Dominic Gaskin at his office today.
Both officials are in Guyana to attend the Annual General Meeting of the Caribbean Association of Investment Promotion Agency (CAIPA) which is being hosted this year by Guyana from November 25- 27, 2015. This Meeting will bring together representatives from nineteen (19) investment promotion agencies in the region, all of which are members of the Association.
During the meeting, Minister Gaskin conveyed to Mr. Wessendorp and Ms. Hudson the role of the Ministry of Business in the economic development of Guyana. Minister Gaskin further identified some of the challenges facing the country’s economy and pointed to the need for the reform and strengthening of GO-INVEST, Guyana’s investment promotion agency.
Mr. Wessendorp and Ms. Hudson, respectively briefed Minister Gaskin on their relationship with Guyana and the roles and functions of UNCTAD and CAIPA in the Caribbean. Ms. Hudson urged the Government of Guyana and GO-INVEST to capitalize on the opportunities offered by CAIPA and UNCTAD, while re-iterating CAIPA’s commitment to working with GO-INVEST to develop Guyana.
Minister Gaskin also stated that “ Guyana values its membership in CAIPA” and thanked CAIPA for selecting Guyana as the host of its Annual General Meeting this year.
This year, CAIPA will focus its attention on the efforts being taken by the Association to develop and strengthen its regional investment promotion platforms, including the implementation of the Investment Strategy of the Caribbean (the Regional Investment Codes and Principles), the Regional Investment Promotion Strategy (RIPS) and mechanisms for implementation (Caribbean Investment Summit or CAIPA branded events, the Client Relationship Management System (CRM), the Investment Map, among others.