Latest update April 19th, 2024 12:59 AM
May 25, 2013 News
A major business advocacy group on Thursday criticised Government and the Opposition over their slothfulness in the establishment of essential regulatory bodies to counter corruption.
The Public Procurement Commission, the Integrity Commission and the Financial Intelligence Unit have been pointed to as institutions that were committed by Government to serve as the barricade against the widespread corruption in our country. However, the necessary actions to have these institutions fully operationalised are not being given priority, the business group said.
The Private Sector Commission (PSC) sees these matters as too important to be ignored. They impact negatively on business and investment.
The PSC reported that it has been calling on the government to appoint the Public Procurement Commission and the Integrity Commission as well an Ombudsman. However, the establishment and operationalisation of these institutions are yet to be effected.
The body believes that similar procrastination on the implementation of the crucial Anti-Money Laundering and Countering the Financing of Terrorism Amendment Bill (AMT & CFT) has placed Guyana and the well being of its people at grave risk and at the brink of facing international sanctions for failing to implement the legislation on time.
The PSC is contending that with the Government and the Opposition’s tug-of-war for the assent to bills tabled by the bodies, the interest of the nation, particularly the tackling of corruption in the country, is being overlooked.
It is therefore suggesting that an extra-Parliamentary meeting be set up to address the functioning of the relevant institutions thus equipping them to competently fulfill their mandate.
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