Many thanks to the Inter-American Dialogue for the opportunity to comment. The Guyanese government has a lot of balls in the air. It’s juggling the creation of an oil industry regulatory body, legal and policy framework, a sovereign wealth fund and signifi cant infrastructure buildout. The commencement of oil production in 2020 means that Guyana’s revenue will surge by more than 31 percent in the first full year of production. The strengthening of the Guyanese Revenue Authority must be expedited. Effective management of the country’s economy will be necessary to prompt investment sustainability. Such massive and rapid growth would challenge even the most experienced governments. Read more…
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