The International Monetary Fund (IMF) predicted Guyana, located in South America next to Brazil, Suriname and Venezuela, will record 86% growth in 2020, more than 14 times the growth rate expected in the People's Republic of China.
Guyana is the only English-speaking nation in South America, linked to the Caribbean culture and long colonized by a British.
The huge growth of the economy of this small and poor country, due to huge discoveries of large oil discovered in 2018, and will begin production next month, the most important investment by the US company Exxon Mobil, and these reserves amount to 5.5 billion barrels of oil, in 12 fields so far Just.
As for the revenues from this is a giant, where the treasury of the poor state, which covers an area of 215 thousand square kilometers, will recover more than 250 billion U.S. dollars, where the U.S. ambassador in Guyana, that some do not realize the magnitude of this huge discovery, pointing out that the GDP of the small country L to $4 billion, will increase between 300 and 1000% in 2025.
"Guyana will produce as much as 750,000 barrels of oil a day, and will be the richest country in half the world or perhaps the entire world," the U.S. ambassador said.
The International Monetary Fund revealed that the small state debt of more than $ 2 billion, will grow by 4.4% this year, and 86% next year, while the oil sector in five years will take 40% of the state economy.
Despite all this wealth and wealth, it ranked 93rd in the index of corruption from 175 countries, suffering from high unemployment rates and has a border dispute with Suriname, 55% of its population are Indians and Pakistanis and 30% Africans. Ranked 161 in the world.
It is noteworthy that the state of Guyana witnessed a terrifying incident where 918 people committed suicide, including 300 children with cyanide, who are followers of the Temple of the People of the leader of the cemetery Jim Jones.
By Shingo Yabuki November 07, 2019
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