South Korean Investment Positive

Following recent discussions between Guyana's Ministry of Agriculture and a delegation of potential South Korean investors, we believe stronger prospects for investment in the country's agricultural sector will bode well for wider economic growth going forward. Increased FDI inflows would provide a welcomed boost to Guyana's balance of payments account and help to shore up international reserves. Furthermore, diversification of the industry away from a reliance on sugar and rice, towards corn and soybean (discussed by the South Korean delegation) would be particularly beneficial for export earnings over the medium term. The government is currently conducting tests on several thousand acres of land for possible soybean and corn production.

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