GUYANA’S PROJECTED ECONOMIC GROWTH OF 37.2% IN 2023 SHOWS THE FAILURE TO ADDRESS POVERTY, SAYS LOWE
The International Monetary Fund (IMF) has projected that Guyana will achieve an economic growth rate of 32.7% by the end of this year, which is a positive development. However, economist Elson Lowe believes that the figures highlight the government’s failure to alleviate poverty, especially given the thriving oil and gas sector. Our correspondent, Antonio Dey, has more on this story.
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Next few years?
If you are extracting oil of 1.2 million US dollars a day, and your population is only 800 thousand.
Just from the oil income Guyanese would benefit within 2 years.
I am not even counting the export of goods or services. By 2027 oil income would increase to around 3 million USD a day.
A good honest leadership would change and make it dubai within 5 years.
From 2019 to 2023 the debt increased by around 2 billion dollars. Utilize the money from revenue instead of taking more debt.
Guyana revenue increased by around 3 billion a year and debt increased by 2 billion dollars Within 3 years.
Is the infrastructure changed, new roads and bridges?
What will the average man benefit
What is there for the poor people to enjoy ?