National unity, political risks and the Private Sector Commission

Introduction

The Stabroek News reported on October 24 that the Private Sector Commission (PSC) is deeply troubled about APNU’s statements regarding the Marriott project. The report stated that the Chairman of the PSC, Mr Ronald Webster, wrote to APNU expressing the PSC’s concern that statements made by the opposition party regarding the Marriott are increasing political risk for businesses in Guyana.

In spite of being an ethnically divided society, Guyana’s tax payers come from all ethnicities. Therefore, to reduce political risks, spending of tax funds must be done in the most transparent manner and must be based on credible investment projects. The taxpaying public has to believe that the government is being as fair and as economically efficient as possible. The Marriott is neither transparent nor economically sensible in any honest sense,