Lessons for the next government: The ABC of Guyana’s public investment management regime

Introduction

 

Surprisingly, considering what appears to be the public’s main preoccupations today, thus far I have already received an unusual number of queries concerning the notion of “pathological altruism”, which I had introduced in recent columns that discussed the Venezuelan PetroCaribe scheme. Because 1) this notion has a much wider application to public policy in Guyana, and 2) in light of the forthcoming elections and therefore the prospect of a new government, I shall, over the next several weeks, respond to these queries by way of selectively returning to a topic that I had considered in some detail approximately two years ago. That topic was a critical examination of the then existing regime of public investment management in Guyana. Let me however