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Guyana's Oil Boom and Hidden Risks | Guyana News
Guyana’s oil-driven economy is soaring, earning praise from the IMF—but beneath the surface lies a ticking clock. While booming oil revenues fuel national growth and fill the resource fund, they also create dangerous dependencies. The IMF warns that over-reliance on oil could trigger overheating if prices spike, stifling other sectors and locking Guyana into a classic “resource curse.” Beyond oil, growth is fueled by government spending on construction, raising alarms about sustainability when those funds dry up. The IMF urges smarter, productivity-focused investments instead of short-term…
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