The Government of Guyana and the Canadian Commercial Corporation (CCC) have renewed their Memorandum of Understanding (MoU) to strengthen economic and commercial ties between the two nations. The agreement, signed on April 10, 2025, aims to enhance cooperation, facilitate procurement processes, and ensure the efficient delivery of high-quality Canadian goods and services to Guyana.
The MoU was signed by Dr. Ashni Singh, Senior Minister in the Office of the President with Responsibility for Finance, and Mr. Boris Jacouty, Director of Business Development at CCC. This renewed partnership will remain in effect for eight years and is expected to further solidify the longstanding relationship between the two countries.
Dr. Singh emphasized that this agreement represents a significant step forward in fostering a robust economic relationship. “We look forward to continued collaboration and the positive impact this agreement will have on our procurement processes,” he stated. He also highlighted the contributions of Canadian investors and businesses to Guyana’s economic evolution over the years.
Mr. Jacouty expressed CCC’s commitment to supporting Guyana’s development goals by providing access to Canadian expertise and products, noting that this partnership will create new opportunities for both nations. Canada’s High Commissioner to Guyana, Sebastien Sigouin, underscored the importance of this collaboration in advancing Guyana’s ambitious development agenda.
This MoU comes at a time when Guyana is experiencing rapid economic growth, driven by its burgeoning oil and gas sector as well as developments in agriculture and infrastructure. The agreement is expected to facilitate government-to-government contracting, allowing Canadian companies to engage more effectively with Guyanese partners while contributing to strategic investments in areas such as information technology and infrastructure.
The renewed MoU reflects the mutual commitment of Canada and Guyana to fostering a dynamic and mutually beneficial economic relationship, paving the way for enhanced trade and investment opportunities between the two nations.
