GEORGETOWN, Guyana, June 26, 2019 (CMC) – Guyana signed a Memorandum of Understanding (MOU) with the Canadian Audit and Accountability Foundation (CAAF), on Sunday, to ensure improved transparency in the management of public resources.
A government statement said that the MOU signals the CAAF’s continued commitment to the development of the Audit Office of Guyana.
It said the two agencies share a mutual goal: to contribute to the improvement of transparency, effectiveness and accountability across the board; as well as governance and management of public resources.
“This goal is being realised through the effective partnership of the two organisations. This alliance allows several local officers to attend training in Canada to contribute to CAAF through integration. While there, they will undergo active training programs in the field to provide greater exposure and experience,” the statement added.
Auditor General of Guyana, Deodat Sharma, said “CAAF has provided unwavering capacity-building support through training and other resources, which has buttressed the performance audit practice of the Audit Office.”
Canadian High Commissioner to Guyana, Lilian Chatterjee, said the agreement comes at a time when Guyana is on the cusp of a “major oil and gas boom, starting next year”.
“The timing of this program is critical as it will directly support this transformation,” the diplomat said, at the signing ceremony.