Bureaucratic hindrances to business development: Guyana and Barbados share similar frustrations

Guyana, it appears, is not the only country in the Caribbean Community (Caricom) where the pace of economic progress is retarded by the steely bonds of bureaucracy and where both local and foreign investors must endure what are sometimes bewildering layers of procedure in order to secure approval for their business pursuits.

Recently, the Chief Executive Officer of Invest Barbados, Wayne Kirton, a state-run agency – roughly the equivalent of our own Go-Invest – set up for the purpose of smoothing the wheels of business development – publicly bemoaned the fact that bureaucracy continues to militate against investor interests with investors’ projects taking a considerable