Make do with what you get, and spend it wisely

Dear Editor,
Those were the words spoken by one of the most successful USA Presidents as he was, at the time, speaking to an international audience at our own Arthur Chung Conference Centre, here in Guyana.
His sound advice to our Government is to utilise our sovereign wealth, which should redound to the development and prosperity of Guyana. The former head of state further emphasized that the country’s oil deal is just the beginning, and the revenue stream should be spent wisely.
Here, again, the emphasis is on the oil revenue to be “spent wisely.” The Guyana Government is cognizant of the fact that this is sound economic advice coming from a First World Leader to a Third World Leader.
When one looks at the rise, and in most cases the fall, of Third World nations, the salient truth of the matter that defines the outcome is the wise use of the resources. The “Wise use” formula, when evenly applied, can bring about a rapid transformation in one’s country; the evidence is seen in places such as The United Arab Emirates.
Others, who were not keen on investing wisely in their country, saw the most dismal of failures. So, the bottom line to all of this is following in the line of reasoning of former President Bill Clinton. There is no other way.
Guyana, for its part, is well on the way to achieving this, as we follow the path of the wise use of what we have. All across this country, there is a movement upward which augurs well for the future of our country. Our President has said it: we would aggressively harvest our sovereign oil wealth to the benefit of our people. And that is exactly what this country needs at this time.

Respectfully,
Neil Adams