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Guyana

On the threshold of great wealth
Guyana has never been a typical country of the English-speaking Caribbean, and it is about to become even less typical...
There are 12 independent states in the English-speaking Caribbean, of which only two, Belize and Guyana, are mainland as opposed to island states...
Notwithstanding its relatively healthy position on debt, Guyana’s general lack of economic progress relative to the rest of the Caribbean is reflected, not surprisingly, in measures for human development, as monitored by the United Nations Development Programme (UNDP)...
On various measures of good governance, Guyana ranks poorly alongside its Caribbean contemporaries...
To an extent, Guyana’s poor governance is a reflection of its heavily contested politics...
Guyana’s relations with the United States, and the West in general, have not always been smooth...
So how much oil is there? In August 2018, Wood Mackenzie wrote: “ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore hotspots – no other area has delivered as much conventional oil resource since 2015...
In August 2018, the Guyana government produced a Green Paper on ‘Managing Petroleum Revenues and Establishment of a Fiscal Rule and a Sovereign Wealth Fund’...
There are three obvious conclusions...

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