Latest / Guyana News Today | 2 Min News | The Daily News Now!
Guyana's Oil Boom and Debt Dilemma | Guyana News
Guyana’s booming oil economy is fueling a debt surge that’s raising eyebrows — despite the IMF’s glowing review calling the borrowing “smart” and risk of distress “low.” With public debt set to hit $10.3 billion by year’s end — a sixfold jump in six years — citizens are confused: why borrow when oil revenues are pouring in? While the IMF argues fast GDP growth makes debt look manageable, locals see billions leaving in loans and fund withdrawals. The real warning may be the IMF’s own advice: save more oil revenue while prices are high — because tomorrow’s wealth isn’t guaranteed. Listen in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.