{"id":26806,"date":"2025-03-06T18:37:54","date_gmt":"2025-03-06T18:37:54","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=26806"},"modified":"2025-03-06T18:37:55","modified_gmt":"2025-03-06T18:37:55","slug":"president-ali-outlines-plans-for-managing-oil-and-gas-resources-and-combating-external-shocks","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/president-ali-outlines-plans-for-managing-oil-and-gas-resources-and-combating-external-shocks\/","title":{"rendered":"President Ali Outlines Plans for Managing Oil and Gas Resources and Combating External Shocks"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>February 10, 2025<\/em><\/p>\n\n\n\n<p>President Dr. Irfaan Ali has reaffirmed his government&#8217;s commitment to responsibly managing Guyana&#8217;s oil and gas resources while addressing key challenges facing the country.<\/p>\n\n\n\n<p>In a live podcast interview on Sunday, President Ali highlighted the need for strategic planning to mitigate external shocks, particularly the global rise in the cost of imported food. <\/p>\n\n\n\n<p>He attributed this increase to unfavorable weather patterns, rising freight costs, and new tariffs imposed by global leaders, among other factors.<\/p>\n\n\n\n<p>To address these challenges, the President revealed that his government, in collaboration with the private sector, will focus on stabilizing freight costs. <\/p>\n\n\n\n<p>This is crucial as many local companies rely heavily on imports. He noted that strategies to benefit consumers will be included in the upcoming budget.<\/p>\n\n\n\n<p>In terms of food security, President Ali emphasized that since taking office, his administration has made significant investments in agriculture with the goal of making Guyana a food-secure nation capable of feeding the region.<\/p>\n\n\n\n<p>Regarding the high cost of energy, which has long been a barrier to value-added production, President Ali assured that significant changes are expected this year. <\/p>\n\n\n\n<p>He stated that energy prices will decrease, offering new opportunities for growth in the country\u2019s industrial sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 10, 2025 President Dr. Irfaan Ali has reaffirmed his government&#8217;s commitment to responsibly managing Guyana&#8217;s oil and gas resources while addressing key challenges facing the country. In a live&hellip;<\/p>\n","protected":false},"author":4,"featured_media":25090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,360,350],"tags":[],"class_list":["post-26806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-energy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=26806"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26806\/revisions"}],"predecessor-version":[{"id":26807,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26806\/revisions\/26807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/25090"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=26806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=26806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=26806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}