As the Linden Economic Advancement Programme (LEAP) draws to a close in December, Government has announced that it has made arrangements for a successor.
According to Government spokesman, Dr. Roger Luncheon, the decision was approved during a Cabinet meeting earlier this week and will see the new entity continuing ‘LEAP like’ activities.
“Broad parameters of the remit of the to-be created entity were identified and they included the continued focus, exclusively on Region Ten, the continued promotion of business promotion and business development in that administrative region as well as the continuation of the micro-credit loan scheme carried out under a component of the LEAP programme,” Dr Luncheon said.
Under the new arrangements, a statutory body is to be established and empowered to give effect to Cabinet’s decisions.
Launched in 2002 with an injection of €12 million through a Guyana Government and European Union programme, LEAP’s main objective was to encourage entrepreneurship and enterprise for economic development in Linden.
The seven-year programme was launched to expand Region Ten’s economic base through diversification of the local economy away from the traditional bauxite dependence which was facing decline at the time.
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