A recent article in the Stabroek News ‘No plans to revisit Exxon deal’ (Jan 26) suggests that the Inter-American Development Bank (IDB) was involved in the drafting of the Petroleum Commission Bill: “…the Inter-American Development Bank (IDB), International Monetary Fund and the Commonwealth had helped with the drafting of the proposed legislation and stakeholders consulted…
The previous essay established the developmental context under which we address the essential question of this series: could Guyana escape the natural resource curse? The best measure we have of development is perhaps the Human Development Index (HDI) and its iterations such as the Gender Development Index and inequality-adjusted HDI. At a minimum, escaping the…
Guyana is now hurrying to put measures in place to monitor and assess cost recovery claims. However, it has already tied itself to the repayment of US $460,237,918M. This is according to the 2016 Production Sharing Agreement (PSA) that Minister of Natural Resources, Raphael Trotman signed with ExxonMobil. See more here
