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World Bank reaffirms support for Guyana’s “progress and prosperity” as country...

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As Guyana prepares for unprecedented development from its multi-billion-barrel oil and gas resources, the World Bank says it stands ready to advance...

Oil prospects keeping Guyana’s outlook favourable

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The vast oil fields which have been discovered off the coast of Guyana by ExxonMobil continue to boost the economic outlook of the country...

Elections stalemate, COVID-19 present risks for Guyana despite fast-growth – World...

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While Guyana’s Gross Domestic Product (GDP) is projected to grow by 51.7 percent in 2020 and 8.7 percent in 2021, the still incomplete national...

Boosting capacity crucial to Guyana’s management of oil & gas sector...

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Recognising that Guyana’s institutional capacity to oversee and manage the Oil and Gas sector “is limited in the various relevant government ministries, commissions and...

Oil will impact Guyana in multiple ways: preparation to determine outcome

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The main economic impact of the oil sector on Guyana is expected to take place through oil revenues, which offer an opportunity to expand...

Guyana signs US$20M loan agreement for capacity building in Oil and...

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Guyana’s Minister of Finance, Winston Jordan on Thursday, April 11, participated in a signing ceremony with Ms. Tahseen Khan, World Bank Country Director for...

Magnitude of oil discoveries presents ‘historic opportunity’ for Guyana to boost...

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With approval of a US$20M loan from the World Bank to support a programme geared towards capacity building for Petroleum Resources Governance and Management,...

World Bank funding to help expedite ExxonMobil cost recovery audit

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Guyana’s Opposition Leader, Bharrat Jagdeo, had suggested that the Government should consider hiring external experts to audit the pre-production cost incurred by ExxonMobil in...

World Bank provides US$35M to support Guyana O&G preparations

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The World Bank and Guyana’s Minister of Finance Winston Jordan on Friday, July 27, signed a policy-based loan agreement for US$35 million to support...

World Bank green-lights US$35M to boost Guyana’s oil & gas preparations

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The World Bank Group announced on Monday that it has approved a US$35 million Development Policy Credit to support Guyana’s efforts to strengthen financial...