Budget 2022 lays the foundation to avoid the paradoxical resource curse and the Dutch disease

Background Budget 2022 is the largest budget in Guyana’s history and the first to draw down from the oil revenues sitting in the Natural Resource Fund (NRF) that was recently passed in the National Assembly. During the budget debates, a few commentators, observers and opposition parliamentarians put forward the argument that budget 2022 will induce … Continue reading Budget 2022 lays the foundation to avoid the paradoxical resource curse and the Dutch disease