Political economy fragility
Today’s column elaborates on organizational elements, briefly portrayed last week, which are needed for establishing Guyana’s stolen public assets recovery initiative. This elaboration is guided by four political economy realities, described below; the last of these is the most urgent.
First, given the context, any investment that Guyana makes in such an initiative is simultaneously an investment in both recovery and prevention. The organizational steps proposed below therefore, create barriers/deterrents against future public corruption, as well as aids for the recovery of past stolen public assets. These proposals are firmly rooted in the United Nations Convention against Corruption, UNCAC. For information, the convention declares: “Corruption can be prosecuted after the fact,
