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Guyana’s Oil Boom and Economic Tightrope | Guyana News
Guyana’s economy is teetering on a knife’s edge despite its booming oil exports—still importing 90% of its fuel leaves it exposed to global price shocks and geopolitical turbulence. The Inter-American Development Bank warns of “Dutch disease” risks if the government over-spends from oil revenues, predicting slower GDP growth in 2026 but overall manageable risks thanks to fiscal safeguards, favorable debt terms, and strong growth. To shield citizens, the government has slashed fuel taxes, handed out cash grants, and subsidized utilities—boosting living standards but widening the budget…
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