Resources curse starts to poison politics in Guyana
Calls for international sanctions as President David Granger denies miscounting votes
24 March 2020 - 16:44
Georgetown — When ExxonMobil came to Guyana, the US oil giant brought with it the promise of extraordinary economic growth. Now the tiny South American country is embroiled in a bitter battle over who might control that wealth just as the crude starts to flow.
In November, the IMF gave Guyana the nod as the world’s fastest-growing economy on the strength of Exxon’s oil finds. Since then, a fight for political control has led to a disputed election, which is spurring calls for international sanctions as a price rout subverts the nascent oil boom and a killer virus settles in...
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