US-based businessman ready to take advantage of Public Private Partnership

May 29, 2020 News

– says will spur Guyana’s economic development

Guyanese-born US-based businessman Edmond Braithwaite believes that the public private partnership (PPP) is the model that will drive Guyana’s economic development.
Braithwaite maintains that through this blueprint more will be achieved for Guyanese, hence his firm the Caribbean Marketing Enterprises Inc. (CMEI) is “pushing for a Pubic Private Partnership with the Government of Guyana”
The CMEI executive is convinced that through such a partnership more can and will be achieved, to benefit Guyanese “in a significant way”.
Braithwaite’s disclosure was contained in a release issued by the National

Businessman Edmond Braithwaite (Newsamericas)

Industrial and Commercial Investments Limited (NICIL).
The economic development model is a long-term contract between private entities and governments to provide public assets or services. Under the arrangement the private sector firm takes significant risks and management responsibilities to fulfill the contract while repayment, with profits, is linked to performance, the World Bank said in an online explanation.
Braithwaite and his company remain upbeat about business prospects in Guyana despite political hiccups following the local March 2, 2020 General and Regional polls here and growing global uncertainties in wake of the COVID-19 pandemic.
The WHO announced pandemic has “slowed up a number of our plans” but the CMEI team remains interested and committed to doing business in Guyana, Braithwaite assured recently.
“Many may have thought that with the current COVID-19 situation that we would have closed shop and put a hold on our plans for Guyana, but I can assure you that we haven’t. As a matter of fact, we have recognized several other new opportunities that we will seek to explore as we are more confident of the numerous opportunities that Guyana possesses,” the investor said.
The CMEI President noted more companies want to do business in Guyana.
“Guyana possesses unique and creative opportunities that many are seeking to exploit. Attention is on Guyana as it’s no secret that there are several persons who have long-term investment plans for Guyana and we are hoping that COVID-19 passes quickly so that we can get on the ball,” he said.
“We are desperately waiting for the airspace to open so that we can be on the first flight to Guyana to take many of these plans further, so rest assured that this Coronavirus has not diminished our interest at all in this country. The level and quantum of investment that we will be doing for Guyana will certainly be a massive boost to the people of Guyana, he noted.
These seem inevitable with the current visionary leadership displayed by the NICIL executives and their staff, Braithwaite said.