PM Browne defends bias towards tourism investments
Prime Minister Gaston Browne, has recently come under criticism from the Opposition for the government’s focus on attracting investment in the tourism sector.
The Opposition has pointed out the lack of diversification of the country’s economic mix.
However, Prime Minister Browne has defended the government’s policy by emphasizing the country’s impressive levels of investment in the tourism sector, which he believes is indispensable.
According to him, there is no substitute for tourism, and it will remain the main driver of economic growth and development in the country.
In a recent speech, he stated that those who believe they have maxed out their benefits from tourism are mistaken as they are just peeping into that sector.
The Prime Minister revealed that they need at least 10 thousand tourism rooms in the country, while they only have four thousand.
Despite the continued attraction of investments in tourism, the Prime Minister acknowledged the need to diversify the country’s economy to ensure more self-sustenance, manufacturing, and growth.
He believes that tourism will continue to be the primary driver of economic growth, but diversification is also essential to sustain long-term economic growth and stability
This story was first published by Antigua News on : antigua.news/2023/12/28/pm-browne-defends-bias-towards-tourism-investments. © 2023 Antigua News. Republication without permission is not allowed.
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David March 20, 2024, 12:56 PM