There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly appointed President of Guyana Dr. Irfaan Ali recently called on the international community to assist small states like Guyana, which have limited resources and undiversified economies, to overcome the considerable fallout caused by the pandemic. There are considerable fears that the health emergency will significantly impact Guyana and its emerging oil boom. The small South American country, like many of its neighbors, has been disastrously affected by the global pandemic, resultant global economic slowdown and oil price crash. Economists and academics have very real concerns that Guyana will be negatively affected by the oil curse which has derailed good governance and development in many petroleum rich countries. Despite the current headwinds, there are signs that Guyana’s offshore oil boom will gain further momentum. Oil giant ExxonMobil almost a […]