Many countries have used natural resources extraction to realize energy independence, as well as strong economic and social outcomes. However, for every success story there are sobering lessons for new producers, such as Guyana. Lessons premised on the principles of proactive and coherent petroleum sector governance, inclusive policy formulation, and social … [Read more...] about Bucking the trend: Why institutions matter in Guyana’s hydrocarbon sector
Victor Gauto
Victor Gauto is the Country Economist at the Inter-American Development Bank (IDB) Country Office in Guyana. Prior to this position, Victor was a economics consultant in the private sector and the IDB in Paraguay and also has experience in the public sector working for the state government of Vermont, USA. Victor holds a Ph.D. in Applied Economics and a Master’s in Public Policy from the University of Minnesota.
Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive
Guyana’s economy is on the verge of a historic transformation following recent oil discoveries. Financial sector development and inclusion will be crucial to maximize the benefits of faster growth and increased revenues. However, financial access and inclusion in the country are lagging, which hinders firms’ productivity and performance. A new publication from IDB economists … [Read more...] about Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive