Daily Archives: 01/18/2023

GUYANA: A TRIP to BARTICA – Essequibo River – 2023 – Video

GUYANA: A TRIP to BARTICA – Essequibo River- 2023.

See Comments on YouTube: https://www.youtube.com/watch?v=bn9Jmmaiddw

GUYANA: Government rejects distributing oil money to every home

  • Worst thing you can do is distribute oil money to every home – Guyana President

President of Guyana, Dr. Mohamed Irfaan Ali strongly disagrees with suggestions that the country’s windfall revenues from oil production should be distributed to households, across the board. He made this clear during a press conference in Georgetown on Tuesday.

The President explained that doling out cash in that manner would be one of the worst things the government could do, and the quickest way to afflict Guyana with the dreaded Dutch Disease.

Ali was responding to questions about whether Guyana is already facing the resource curse, since its oil economy is leading overall economic growth. Finance Minister Dr. Ashni Singh had said Monday that the oil sector grew 124.8% and that the non-oil economy grew 11.5% in 2022. This resulted in overall economic growth of 62.3% for Guyana last year.        Continue reading

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