Introduction
In recent Sunday columns, I have divided Guyana’s public investment management programme into four sequential phases. So far I have focused on the first phase; that is, the articulation of the investment strategy, which is being pursued. In the absence of a Ministry of Planning or other centralized planning unit or authority in the public sector, this phase has been treated separately from the systematic identification of specific projects, which flow from the guidance offered by the investment strategy.
Readers should observe that when there is a centralized planning body, the first phase typically includes both the guidance
