Juan Brignardello Vela
Juan Brignardello, asesor de seguros, se especializa en brindar asesoramiento y gestión comercial en el ámbito de seguros y reclamaciones por siniestros para destacadas empresas en el mercado peruano e internacional.
Economía y Finanzas 08.12.2023
Guyana, a small country in northern South America, has experienced a remarkable economic transformation in recent years. Once considered one of the poorest countries in the region, it is now the fastest-growing economy in the world. This transformation can be traced back to the discovery of large oil deposits in the disputed territory of Esequibo, which Venezuela claims as its own. The influx of foreign investment and infrastructure projects in Guyana has reached unprecedented levels, raising expectations of joining the ranks of countries with high per capita incomes.
Guyana's economy was historically based on agriculture, particularly sugar plantations that remained from the period of slavery and indentured servitude. After gaining independence from the UK in 1966, the country struggled with underdevelopment for several decades. It wasn't until 1992, when the progressive People's Progressive Party (PPP) came to power and opened up the economy, that Guyana began to see increased private investment. However, the primary sector, including agriculture and mining, remained the main drivers of the economy.
The turning point for Guyana came in 2015 when significant oil deposits were discovered in the coastal areas of Esequibo. ExxonMobil and its partners have since made numerous discoveries, elevating Guyana's oil reserves to around 11 billion barrels. This unexpected wealth has positioned the country with a population of 800,000 as one of the most promising economies in the world. The GDP is projected to grow by 25% this year, following a 57.8% expansion in 2022. However, despite the economic growth, the benefits have not been evenly distributed, and poverty and inequality remain persistent issues in the country.
The government of Guyana is committed to improving the country's infrastructure, including the construction of roads and highways, as well as investing in education. While there have been improvements, challenges such as infant mortality and healthcare facilities still need to be addressed, especially in rural areas. Despite ethnic divisions in Guyanese politics, the issue of Esequibo has united the population in supporting the government's pursuit of a legal resolution through a neutral body. Regardless of the outcome, Guyana is determined to move forward and build a brighter future for its people.
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