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Client: United States Agency for International Development
GTIS II is a four-year, $7.3 million program designed to maximize Guyana’s competitive advantages and increase non-traditional, value-added exports in four primary sub-sectors: Wood Products, Aquaculture, Agribusiness, and Tourism. The project implements a market-led approach to strengthen targeted sub-sectors, working with foreign investors, strategic buyers, and “anchor firms” in Guyana to invest in new capacity, technology, and standards.
The GTIS project’s market-led approach has become the preeminent development model for Guyana. With the exception of forestry, the GTIS project has built new promising sectors with the capability of diversifying Guyana’s economy from the bottom up. The direct results of GTIS work to date include $2.8 million in new investments, $9.78 million in additional sales, and more than 170 new or enhanced jobs, based on environmentally sound value-chain development strategies. GTIS has placed particular emphasis on leveraging additional funding from the donor community, leveraging $1.85 million in donor contributions to date. In the ecotourism subsector where advertising is of vital importance to promote a new destination, GTIS has leveraged over $6.5 million dollars in articles, advertisements, and television shows on the country’s heretofore little known attractions.
These results are best seen on the ground where skepticism and pessimism have been replaced with vision and progress; where leading rice farmers in the country are now promoting and investing in aquaculture, ecotourism lodges are booked two to three years in advance, multinational forestry companies are making substantial investments in Guyana, and Israeli agriculture experts are introducing cutting-edge farm management techniques.
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