A statement International Monetary Fund (IMF) It was reported that there would be a country in South America Fast growth Globally. This South American country is driven by extraction, manufacturing and exports PetroleumAnd it is estimated to grow 37.2%World’s largest economic expansion.
Guyana, a country of less than 800,000 people, will be the country with the largest economic growth after the increase. 62.3% It is expected to grow in 2022 and 2024 45.5%This is more than any other country in the region globally.
Guyana is growing a thousand times faster than Argentina
He International Monetary Fund (IMF) Estimates of Gross Domestic Product (GDP). Guyana want increase 115% In 2028. In addition, the South American country will go from export 390,000 barrels 1 million per year by 2027.
As mentioned Andrew TrahanCountry Risk Manager BMI As for Latin America, the research arm of Fitch Solutions said, “Guyana will experience explosive growth this year.”
“Guyana’s strong growth has been, and will continue to be, driven by the rapid expansion of oil production following continued discoveries (of oil fields) in recent years,” Trahan told CNBC.
He Black Stabroek The 6.6 million acre offshore oil field is located off the nation’s Atlantic coast There are about 11 billion barrelsThis makes it the most important in the entire nation.
Trahan estimates that there will be “stronger growth” in the coming years as oil production continues to rise, with real GDP growing by about 115% between 2022 and 2028.
The region, known as Essequibo, is in dispute with Venezuela. Photo: LR Composites/Wikimedia Commons
Labor is needed Guyana Gains from rapid economic growth can attract immigrants from all over Latin America, affecting not only Guyanese but neighboring countries as well.
Luis Oliveros, an oil expert from Venezuela, explained his vision to DW and underlined the difficult task facing Guyana. He warned that Guyana must tread carefully if it wants to avoid falling into the same traps that Venezuela did in a century, especially in the last 20 years.
Guyana and Venezuela face Essequibo
Guyana’s president, Irfan Ali, called on Venezuela to abide by a binding ruling by the International Court of Justice (ICJ), which urged Caracas to “refrain” from taking “any modifiable measures” on territory west of the Essequibo River. ., the cause of the bilateral dispute.
“Today’s ruling is legally binding on Venezuela. Both the UN Charter and the Court’s law, to which Venezuela is a party, demand its strict compliance,” Ali said in a video on his Facebook account responding to the vote. This Sunday by Venezuela.
In this sense, Ali stressed, “as the Court has made clear, Venezuela is prohibited from annexing or occupying Guyanese territory or taking any other action.”
“Guyana remains committed to the international judicial process and the rule of law. When the ICJ issues its final judgment on the merits of the case, it is fully confident that it will conclude that Essequibo is legally and legally a Guyanese territory,” noted the President of Guyana.
