December 2, 2022 Guyana was recently reported to have the highest percentage of diaspora in the world. However, with some international organizations projecting that the nation will face a labour…
Category: GUYANA
IDB Invest Supports Guyana Port’s Development Through the Purchase of First Mobile Harbor Crane
November 25, 2022 The High-Level Group appointed by the Permanent Council of the Organization of American States (OAS) to analyze the situation in Peru, today concluded its interviews in the…
Exxon finds more oil in Guyana
By: News America Now November 1, 2022 ExxonMobil keeps on rolling in the oil in the South American CARICOM nation of Guyana. The company announced two discoveries at the Sailfin-1…
Providing better access to water in the Caribbean is a priority!
By: Staff Writer October 25, 2022 Access to clean, potable water for the Caribbean is a top priority as one country admits that approximately one third of their population can…
IMF Executive Board Concludes 2022 Article IV Consultation with Guyana
September 30, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guyana. Following the pandemic-induced recession in 2020, and protracted political transition, non-oil…
Country Report No. 2022/317 : Guyana: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana
September 30, 2022 Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly…
Guyana Poised To Break $1BN In Oil And Gas Revenue This Year
August 2, 2022 Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022. Guyana may see $7.5 billion in annual oil and gas revenues by 2030.…
ExxonMobil makes two more discoveries offshore Guyana
July 26, 2022 ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru…
Guyana to Improve Public Policy and Fiscal Response to the COVID-19 Pandemic with IDB Loan
July 19, 2022 Guyana will improve the efficiency and effectiveness of its public policy and fiscal management response to the COVID-19 pandemic with a US$130 million loan from the Inter-American…
CariCRIS assigns “good creditworthiness” credit ratings for Premier Insurance Company Inc.
July 8, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial corporate credit ratings of gyA+ (Local Currency Rating) and gyA (Foreign Currency Rating) on the Guyana…
Guyana to promote the use of renewable energy sources with IDB and Norway support
June 21, 2022 Guyana will promote its energy matrix diversification by promoting climate-resilient renewable energy sources use in the electricity generation matrix to avoid deforestation and face climate change, with a…
Guyana: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare (incoming mission head) and Meredith McIntyre (outgoing mission head) held virtual discussions during…