There is an appeal for the nation to learn from financial mistakes made in the past.
The call comes from Principal of the University of the West Indies, St Augustine, Professor Clement Sankat.
He made the comment while addressing a symposium on Creating a Culture of Transparency.
It took place this week at the Hyatt Regency, Port of Spain.
Professor Sankat cited transparency and accountability as critical factors that must be practiced to avoid serious implications.
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