Safeguarding Guyana’s democracy is particularly critical in the face of Venezuelan President Nicolás Maduro’s threats to annex the oil-rich Essequibo region, which accounts for 75 percent of Guyana’s territory and has been part of the country since it was still a British colony. The steadfast support of the US, the UK and the international community has been crucial to neutralising Maduro’s threats and averting a military conflict until the International Court of Justice decides which country the region belongs to.
Owing to its effective leadership and leveraging of hydrocarbon profits to drive socioeconomic change, Guyana is now the leading development laboratory in Latin America and the Caribbean. Its ongoing commitment to sustainability and environmental conservation provides ample opportunities for investors, positioning the country as a key hub for climate-related financial instruments.
Moreover, Guyana offers a promising model for other oil-rich countries. With the support of the international community, major investors, multilateral institutions, and private firms, Guyana is demonstrating how developing countries can harness both renewable and non-renewable resources to escape the poverty trap.
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Publish date : 2024-07-22 21:00:00
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