Addis Ababa financing for development conference Action Agenda: Fighting corruption in its many forms

Introduction         Hypothesis: Paradigm shift   The hypothesis that has been under consideration in my July columns thus far, is that international best practices in the area of financing for development are undergoing a paradigm shift, which is partly reflected in mounting global efforts to incorporate “recovery of stolen public assets” (StPAR) as a central feature of domestic resource mobilization, particularly for developing countries.

Lesson 5: Wanted! Guyana’s stolen public assets recovery initiative

As part of the series on managing Guyana’s public investment regime, today’s column proposes a mechanism whereby our newly elected government could, at this unique democratic opening, embark on seeking bread (investible resources) and justice for Guyanese whose national wealth has been rapaciously plundered in recent years.

More on the $313bilion (US$1.5 billion) hustle and the democratic dividend awaiting Guyana

Introduction I was caught completely off-guard at the depth of the consternation and disbelief expressed by quite a few readers who responded to the estimates that I had provided of the amount of money Guyana loses due to three corrupt practices (public procurement fraud; illicit capital flight; and the underground economy) in last week’s column ($313billion or about US$1.5billion).

Lesson 4: The ABC of measuring the onerous affliction of fraud on Guyana’s public investment programme

Guyana and the Wider World

Introduction After some introductory material, the lessons dealt with so far in this series on the management of Guyana’s public investment regime have concentrated on: 1) the “basic steps” needed to establish an adequately functioning organization of this regime and 2) the types of failures and weaknesses displayed in public projects during the 2000s.

PetroCaribe and the affliction of ‘pathological altruism’

Introduction Today’s column, along with next week’s will concentrate on 1) an evaluation of the role the PetroCaribe initiative has been playing in the region’s regime of crude oil importation, since its establishment in 2005, and 2) an assessment of the near-to-medium prospects of this initiative, with special reference to Guyana’s membership.

PetroCaribe: The way to hell is paved with good intentions

Introduction: Lifeline or noose   I shall outline the key details of the Venezuela PetroCaribe initiative in the next section of this column but upfront I wish to categorically assert that Guyana along with other members of this initiative have benefited greatly from it since its establishment in 2005 and for sure right up to the middle of 2014.