Countries that condone or do not have effective preventive measures in place to stop corruption will lose investors, Canada’s High Commissioner to Guyana David Devine warned yesterday, even as President Donald Ramotar said government does not get enough credit for its efforts to deal with the problem in the face of only ‘perceptions.’
“On a global scale, investors pursue investment opportunities in locations where there are established ethical and transparent business practices. Firms work in countries where their investment dollars are managed efficiently and where practices such as child labour, bribery and corrupt practices are seen as social ills that have no place in business dealings,” Devine told the opening of a two-day investment conference at the International Convention Centre at Liliendaal yesterday.
The two-day conference being held under the theme ‘Maximising Opportunities for Investment in Guyana’ is focusing on enhancing Guyana’s economic prosperity by identifying the challenges and opportunities facing foreign and local investment in Guyana. Ramotar, President of the
