Ramesh Persaud moves on from IPED

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…to pursue other private sector opportunities

Chief Executive Officer (CEO) of the Institute of Private Enterprise Development (IPED), Ramesh Persaud has left IPED after 11 years of service.

In a release on Sunday, the new CEO and Board praised his robust leadership through which they said he transformed IPED in significant and substantial ways.

In a farewell ceremony with staff and board members, incoming CEO, Jagdesh Haripershad thanked Persaud for providing “robust leadership that was always complemented by kindness, caring, good guidance and constant encouragement.”

Members of the Board also made remarks, thanking Persaud for the high esteem in which he is held by the Board. Anticipating a continued relationship between IPED and the outgoing CEO, Board Member, Ian McDonald said: “We know Ramesh will always be a friend of IPED. Ramesh has been a remarkably efficient, inspirational and creative CEO, very good for small businesses in Guyana.”

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From 2011 to 2020, IPED said that under Persaud, the value of the loans increased by $2B to $3.4B from $1.45 and he oversaw the disbursement of 50,00 loans for a value of $30B.

“Persaud also expanded the organization adding six new branches and making it easier for clients to do business with IPED. At the same time the clients enjoyed a substantial decrease in their interest rates. Through these developments IPED helped create 10,000 jobs annually through the micro, small and medium-sized business it supports,” IPED indicated.

Persaud has left IPED for “another opportunity to learn and lead in the private sector” with Friday, April 30, 2021 being his last day in the job.



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