There has been a lot of excitement among critics of Venezuela’s authoritarian populist government about new reports confirming that US authorities are investigating Venezuela’s No 2 official on drug trafficking charges, but — unfortunately — the news will have very little political impact in that country.
The PPP’s boast has always been that it never lost elections. While it gained the highest votes in 1964, it was the PNC that was invited to form the government, which it did in coalition with the United Force.
As part of the series on managing Guyana’s public investment regime, today’s column proposes a mechanism whereby our newly elected government could, at this unique democratic opening, embark on seeking bread (investible resources) and justice for Guyanese whose national wealth has been rapaciously plundered in recent years.
I was caught completely off-guard at the depth of the consternation and disbelief expressed by quite a few readers who responded to the estimates that I had provided of the amount of money Guyana loses due to three corrupt practices (public procurement fraud; illicit capital flight; and the underground economy) in last week’s column ($313billion or about US$1.5billion).
With the election dust almost settled, I have some suggestions for important items the new government needs to tackle as soon as it gets in harness, but I am sure there will be a flood of other voices raising suggestions – some have already begun – so I’ve decided to shelve my big items for now and focus on some of the minor irritations or inefficiencies that we have to wrestle with every day, in the hope that the folks coming into power may be listening.