June 30, 2020 |
The COVID-19 pandemic has created an economic and financial debacle across Latin American nations, but there is one significant exception, if it can get is political house in order.
Guyana, tucked next to Venezuela at the top of South America, will grow 51% this year, below earlier forecasts that had it closer to 90%, according to the World Bank’s latest forecasts.
A months-long political impasse following parliamentary elections has left the country with a controversial government and stymied efforts to build for the future on the flow of new found oil, the source of its exceptional economic growth forecast.
ExxonMobil discovered a massive oil deposit in 2015 and began pumping from the offs
The oil is just now starting to flow but the political morass is thick and deep and blocking Guyana from taking advantage of its natural resource riches