{"id":31630,"date":"2026-08-28T19:46:33","date_gmt":"2026-08-28T23:46:33","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=31630"},"modified":"2026-08-28T19:46:33","modified_gmt":"2026-08-28T23:46:33","slug":"idb-says-guyanas-growth-fuels-major-opportunities","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/idb-says-guyanas-growth-fuels-major-opportunities\/","title":{"rendered":"IDB says Guyana\u2019s growth fuels major opportunities"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p class=\"wp-block-paragraph\">-by David Clarke<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest Inter-American Development Bank Caribbean Economics report has reaffirmed Guyana as one of the world\u2019s fastest-growing economies and the strongest performer in Latin America and the Caribbean.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With Guyana\u2019s economy projected to grow by 16.2 percent in 2026, the IDB says the country now enjoys greater capacity to invest in infrastructure, public services and national development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For many countries in the region, the challenge remains finding resources for development.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But for Guyana, the conversation is increasingly about how best to use rapidly expanding revenues to transform the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IDB projects Guyana&#8217;s economy will expand by 16.2 percent this year,\u00a0significantly above the regional average.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That growth, driven by both the&nbsp;oil&nbsp;sector and expanding activity across the wider economy, is helping to create fiscal space for major investments in infrastructure, healthcare, education and housing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And while public spending has expanded, the IDB notes that Guyana&#8217;s public debt has declined in recent years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The result is an economic challenge that is increasingly different from that faced by many of Guyana&#8217;s&nbsp;neighbours.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;focus&nbsp;now being, managing resource revenues prudently, strengthening&nbsp;the non-oil economy and ensuring that the benefits of today&#8217;s growth extend well beyond the current oil boom.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fiscal&nbsp;space is ultimately about&nbsp;converting economic growth and petroleum revenues into infrastructure, public services and long-term national development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And the IDB&#8217;s assessment suggests Guyana now has considerable room to do exactly that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>-by David Clarke The latest Inter-American Development Bank Caribbean Economics report has reaffirmed Guyana as one of the world\u2019s fastest-growing economies and the strongest performer in Latin America and the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350],"tags":[488,482,370,516,412,405],"class_list":["post-31630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news","tag-488","tag-economic-growth","tag-guyana","tag-idb","tag-ncn-guyana","tag-ncn-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/31630","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=31630"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/31630\/revisions"}],"predecessor-version":[{"id":31631,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/31630\/revisions\/31631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/31636"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=31630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=31630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=31630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}