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Avoiding the resource curse

Beyond Oil: Building Fiscal Resilience and Institutional Capacity in Guyana

Guyana’s recent economic ascent, largely driven by the booming oil and gas sector, has positioned the country among the fastest-growing economies globally. With vast petroleum reserves now generating substantial revenue flows, the focus has understandably shifted to infrastructure expansion and public investment. However, the long-term sustainability of this growth story hinges not merely on the...

Guyana’s Economic Boom: Navigating Opportunities and Risks in a Resource-Rich Future

Guyana has emerged as one of the world’s fastest-growing economies, propelled by a historic wave of offshore oil discoveries that have catapulted the country into a new era of prosperity. With real GDP projected to grow by 33.9% in 2025, according to the latest IMF Article IV Consultation Report, Guyana’s economic trajectory offers a rare...

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