By Ambassador
D. Brent Hardt
GEORGETOWN – At the recently concluded Invest-ment Conference organized by the Canadian High Com-missioner with the support of the U.S., EU, and UK diplomatic missions and an array of local private sector organizations and enterprises, participants were able to examine both the investment opportunities available in Guyana and some of the obstacles investors face in pursuing opportunities here.
One of the most critical elements for investors is political stability and reliability over the term of an investment. They need to know that a project, once launched, will enjoy continuing support regardless of potential political shifts. Such political stability and reliability requires political leadership that is willing to pursue policies that will advance long-term national interests, create new opportunities for people, and improve the standard of living for all.
Over the past month, the apparent demise of the Amaila Hydropower project had vividly demonstrated just how these issues can directly affect economic development and progress. Until recently the project, which has been under development for six years under Sithe Global, appeared to enjoy the
