PSC against premature call for polls
– business leaders urge engagement
The Private Sector Commission (PSC) says a premature call for elections would not be good for the country and leaders from the business community yesterday said engagement and compromise are what is needed.
In light of the possibility of the opposition bringing a no-confidence motion against the government to a vote and President Donald Ramotar’s declaration that his administration is ready, the PSC yesterday said the move would be “unfortunate” because it would signal political instability to foreign investors while driving up the political risk premium added to the cost of capital when overseas funding is sought by private entities.
“The calling for elections prematurely is signaling that only in a ‘winner takes all’ environment can progress be made. This does not augur well for a plural society such as Guyana,” the organisation said in a statement.