Reports on oil prices See all →
The last hurrah? Guyana rides the oil wave
Amid a global downturn in 2020, Guyana boasted record economic growth of over 43 percent, as it became the world’s newest oil exporter. The exploration of recent discoveries will unlock more oil riches yet for the small South American nation. However, it remains to be seen whether Guyana can escape the resource curse that has plagued other developing countries or how much the climate agenda could dent its economic prospects.