IDB says persistent geopolitical tensions affecting Guyana’s outlook

IDB says persistent geopolitical tensions affecting Guyana’s outlook

The In­ter-Amer­i­can De­vel­op­ment Bank (IDB) says the out­look for Guyana is still high­ly un­cer­tain, giv­en per­sis­tent geopo­lit­i­cal ten­sions that con­tin­ue to push up in­ter­na­tion­al oil prices. “Al­though Guyana tran­si­tioned to be­come a net oil ex­porter in 2019, the coun­try still pro­duces 90 per cent of its en­er­gy from im­port­ed oil. As a re­sult, elec­tric­i­ty and […]

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