FreeBalance recently participated in a high-level Canadian business delegation to Guyana, aimed at deepening trade ties and supporting the country’s ambitious modernization agenda. Organized by the High Commission of Canada, the mission focused on fostering innovation-driven partnerships between the two nations.
As a global leader in public financial management (PFM) and digital governance, FreeBalance joined a select group of Canadian companies to engage with Guyana’s evolving economic landscape. The four-day program included market intelligence sessions, site visits to key development zones, and strategic meetings with government ministers and heads of national agencies.
Strengthening Bilateral Partnerships
The visit underscores Canada’s commitment to supporting Guyana’s development priorities through sustainable growth and knowledge transfer. During the mission, High Commissioner of Canada to Guyana, His Excellency Sebastien Sigouin, noted that the initiative reflects a relationship built on trust and mutual respect. He emphasized that the partnership seeks to encourage innovation and complement Guyana’s expanding digital economy and infrastructure growth.
For FreeBalance, the mission provided a vital platform to explore how digital transformation can continue to enhance social service delivery and fiscal transparency across the country. Aldo Sagastume, Vice President of Public Financial Management, highlighted the unique nature of the partnership during the visit, stating that the company remains specialized in and dedicated to the public sector.
Participants of the Canadian business delegation, including FreeBalance’s Vice President of Public Financial Management, Aldo Sagastume (fourth from left) and Regional Account Manager – Alliances, Sebastien Dupouy (centre left in grey suit), and HE Sébastien Sigouin (centre right in white jacket).
A Twenty-Year Legacy of PFM Reform
FreeBalance has been a dedicated partner to the Government of Guyana for over two decades. In 2004, the company implemented a robust Integrated Financial Management and Accounting System (IFMAS) across all government agencies. This project, supported by the Canadian International Development Agency (CIDA), the World Bank, and the Inter-American Development Bank, established a foundation for modernizing the nation’s public finances.
Since that initial implementation, FreeBalance has worked closely with local stakeholders to:
- Increase fiscal transparency and accountability
- Provide more timely financial information for decision-makers
- Facilitate the linkage of public resources to poverty reduction goals
- Prioritize local capacity building and institutional change management.
Media Highlights
The delegation’s visit received significant coverage across Guyana’s leading news outlets, including:
- Guyana Chronicle: Canadian business delegation in Guyana to strengthen trade, investment partnerships
- HGPTV News: Visiting Canadian business delegation to provide efficiency to local public sector
- News Room Guyana: Canadian business delegation explores investment opportunities in Guyana
- Stabroek News: Canadian business delegation here to explore collaboration
- Caribbean Today: Canadian Business Delegation Arrives in Guyana
Looking Toward a Prosperous Future
The delegation’s presence in Georgetown reaffirms a shared confidence in Guyana’s economic trajectory. By aligning Canadian expertise with local priorities, FreeBalance continues to support the government’s vision for a transparent and resilient financial future.
Read more about the impact of implementing a GRP system in Guyana in our Guyana Customer Success Story.
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