Even though the management of wealth funds is primarily a public sector responsibility, the United States Ambassador to Guyana Sarah-Ann Lynch says that their operation and success are heavily dependent on a proactive private sector participating in administration and oversight.
Lynch was at the time giving the feature address at the Guyana Manufacturing and Services Association (GMSA) annual luncheon at the Pegasus Hotel yesterday.
Lynch noted that one of her top priorities as Ambassador will be to promote responsible economic growth. With first oil expected early next year, she said the growth part will be easy, but as the country enters into another phase of economic development, the “responsible” part may be more difficult.
“Boom times don’t always result in the most responsible choices. I urge the GMSA to continue being proactive in ensuring that its members are at the forefront in participating in and benefiting from the economic growth, while defending their rights and interests of those [in] their communities,” she said.
