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Guyana’s Oil Boom and Governance Challenges | Guyana News
Guyana’s oil boom is hitting major hurdles as Bloomberg reveals the nation’s struggle to turn newfound wealth into lasting prosperity. While Guyana scores decently on revenue investment and volatility management, it’s falling short on transparency, local benefit-sharing, and fair contract design — key ingredients for sustainable resource governance. Ranked “weak” by global standards, the country’s institutional gaps threaten to derail progress, especially as it eyes a state-owned oil company without fully building the systems to manage it. Compounding the challenges: stalled infrastructure…
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