The government has not done enough to ensure that a regulatory framework is in place to oversee the exploitation of the country’s natural resourc-es, according to opposition leader David Granger, while AFC leader Khemraj Ramjattan says that regulatory agencies lack independence.
Their comments follow statements by UNDP Country Representative to Guyana Khadija Musa who on Wednesday urged Guyanese to be wary of foreign investors buying up natural resources. “Governments have to be really careful when powerful countries with plenty of money come and buy your natural resources. That means you are losing control over it for the future,” she said, while adding that Guyana’s natural resources are the key to further development and they need to be maintained and respected.
In response, Minister of Natural Resources and the Environment Robert Persaud had said that the creation of his ministry meant Guyana was taking an active role in the future development of its resources. “I want to give the full assurance on behalf of
