Bloomberg has issued a warning regarding the economic trajectory of Guyana, suggesting that the country faces significant risks associated with the so-called 'oil curse' despite its status as the world's fastest-growing economy.
The report highlights concerns that rapid resource wealth accumulation may not translate into sustainable broad-based development without robust institutional frameworks.
Guyana's public debt has expanded significantly in recent years, rising to over US$7.
The caution comes as Guyana navigates a period of intense economic expansion driven by offshore oil discoveries.
While production volumes have surged, attracting global energy majors and boosting national revenue, the structural challenges of managing such a windfall remain acute.
The focus is on whether the current governance model can withstand the pressures of rapid capital inflows and avoid the pitfalls seen in other resource-dependent economies.
Guyana's public debt has expanded significantly in recent years, rising to over US$7.7 billion in 2026 from US$1.8 billion in 2019, according to earlier reports. This sixfold increase underscores the scale of fiscal activity accompanying the oil boom.