Financing for development best practice: The welcome paradigm shift

Introduction

As promised, today I continue discussing the topic: financing for development and its linkage to efforts directed at recovering stolen public assets belonging to Guyana. In Guyana, media reporting has been exposing a virtual deluge of corrupt behaviours practised by the previous administration. These cover theft of state property (motor vehicles and petrol), payment to shadow public employees, and phantom bank accounts held outside the Consolidated Fund. However, alongside such disclosures a paradigm shift is occurring in the international community. This shift advances collective global action directed at stemming everywhere the corrosive effects of corruption, particularly among poor states that are disproportionately affected.

 

Hypothesis

In coming weeks I shall elaborate on this hypothesis, which is re-cast here in the following four sequential statements: First,