{"id":27087,"date":"2025-03-27T20:39:46","date_gmt":"2025-03-27T20:39:46","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=27087"},"modified":"2025-03-27T20:39:47","modified_gmt":"2025-03-27T20:39:47","slug":"sir-paul-collier-endorses-guyanas-oil-management-and-infrastructure-investments","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/sir-paul-collier-endorses-guyanas-oil-management-and-infrastructure-investments\/","title":{"rendered":"Sir Paul Collier Endorses Guyana\u2019s Oil Management and Infrastructure Investments"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>By Saskia Warrick<\/em><br><em>February 20, 2025<\/em><\/p>\n\n\n\n<p>Prominent British economist, Sir Paul Collier, has expressed strong support for Guyana&#8217;s approach to managing its oil wealth, infrastructure investment, and long-term economic planning. <\/p>\n\n\n\n<p>Speaking at the ongoing Energy Conference, Collier described the government\u2019s strategy of leveraging oil revenues for critical infrastructure development as a \u201csensible approach.\u201d<\/p>\n\n\n\n<p>In his comments, Vice President Bharrat Jagdeo addressed concerns about fluctuations in the global oil market and Guyana&#8217;s rapidly increasing production. <\/p>\n\n\n\n<p>Jagdeo reassured that the country&#8217;s diversification efforts and the strong commitments from ExxonMobil, the US oil major, would buffer any negative impacts from price drops or oversupply. <\/p>\n\n\n\n<p>Sir Collier echoed this sentiment, emphasizing that ExxonMobil\u2019s expertise in managing financial risks related to oil exploration made their decisions reliable. <\/p>\n\n\n\n<p>He dismissed the suggestion that the government should second-guess Exxon\u2019s market strategies.<\/p>\n\n\n\n<p>Beyond oil-related concerns, Collier also praised Guyana\u2019s significant investments in infrastructure. <\/p>\n\n\n\n<p>He addressed critiques that the government was prioritizing large-scale infrastructure projects like roads, bridges, and hospitals over direct financial assistance to citizens. <\/p>\n\n\n\n<p>Collier highlighted that such investments were essential for sustainable long-term growth, pointing to the construction of regional hospitals as a crucial step toward decentralizing healthcare services and improving access across the country.<\/p>\n\n\n\n<p>Collier&#8217;s remarks reflect a broader consensus that Guyana\u2019s careful planning and strategic investments will strengthen its position in the global economy while ensuring the benefits of oil wealth are felt throughout the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Saskia WarrickFebruary 20, 2025 Prominent British economist, Sir Paul Collier, has expressed strong support for Guyana&#8217;s approach to managing its oil wealth, infrastructure investment, and long-term economic planning. Speaking&hellip;<\/p>\n","protected":false},"author":4,"featured_media":25492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,360,350],"tags":[],"class_list":["post-27087","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\/27087","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=27087"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/27087\/revisions"}],"predecessor-version":[{"id":27088,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/27087\/revisions\/27088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/25492"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=27087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=27087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=27087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}