Introduction
Last week I introduced the first in the present series of lessons explaining Guyana’s public investment management regime. This sought to explain why, at all stages of the process of public policy formulation in Guyana, one should anticipate the unwanted emergence of the negative impact of ‘pathological altruism’. Based on the old adage that: “the way to hell is paved with good intentions,” this refers to the ever present danger that government policies designed to benefit the ‘masses’ could end up bringing them great harm. Indeed I would more broadly claim this notion constitutes one of the most important rationales for a well-organized public investment regime in Guyana.
Today’s and next week’s column will present the second lesson, which is designing a basic yet adequate framework within which to situate
