– warns of soaring production of coca in Colombia
Businesses are the driving force for economic development of any country. Among the factors determining investment climate and Private Sector development, a company’

s exposure to crime plays a significant role. Crime may cause high costs and damage to businesses.
These points were underscored by United States (US) Ambassador to Guyana Perry Holloway at the Guyana Manufacturing Services Association (GMSA) luncheon at the Pegasus Hotel on Tuesday where he zeroed in on the potential threats that crime can have on the economy.
During his feature address, the US diplomat said one of the things that everyone is concerned about is what will happen when oil production begins here. While there is a general perception that oil may cause an upsurge in criminal activities, he said that he views this differently.
Holloway, who has worked in many countries where crime is at its peak, like Afghanistan, told the attendees of the luncheon, “I don’t think that it’s oil and gas that attracts crime. It’s more people, more money. So, Guyana could be having a boom in an agriculture product but if it brought more money and more people… you guys are good business people but let me tell you that the criminals out there are good business people also and what do they want? The same thing you want, more profit.”










