Guyana is not usually mentioned as one of the top targets for investment in Latin America. The country, which has a population of around 800,000 and a landmass roughly equivalent in size to Kansas, sits sandwiched between Suriname and Venezuela. A former British colony that is the only officially English-speaking country in South America, Guyana has never been particularly well integrated with its Spanish-speaking and lusophone neighbors. Most people in the country speak Guyanese creole rather than Spanish or Portuguese. Overall, Guyana’s GDP (which is worth just over $3 billion) is less than 1% of the economic output of regional heavyweights such as Colombia and Venezuela. In 2017, however, after a major off-shore discovery, Guyana’s oil industry is attracting new attention from foreign investors. Some analysts believe that Guyana could soon become one of the region’s top oil producers.
To get a sense of what’s happening in Guyana, I reached out to Daniel Gray, the Associate Director of The Caribbean Council, a London-based consultancy.
Please visit the following URL for the full interview: https://www.forbes.com/sites/nathanielparishflannery/2017/03/30/political-risk-analysis-what-should-investors-know-about-guyanas-oil-industry/