Gov’t added US$4.2B debt to Guyana since 2019

…as debt grows from US$1.8B in 2019 to US$6B in 2024 Kaieteur News- Despite commencing oil production in 2020, the Government of Guyana (GoG) has grown the country’s debt by a significant US$4.2B as at the end of December 2024. In 2019, the country’s debt was US$1.8B; according to Annual Reports from the Bank of […]

Gov’t to add $5.9M in debt to every household by the end of 2025- Shadow Finance Minister

kaieteurnewsonline.com - 25/Jan 11:00

…highlights 36% growth in non-oil economy between 2020 and 2024 while debt grew by 253% By: Davina Bagot Kaieteur News-With the People’s...

Guyana’s debt climbs to US$6B

kaieteurnewsonline.com - 18/Jan 10:57

Kaieteur News- As of December 31, 2024, Guyana’s debt has climbed to nearly US$6 billion, standing at US$5.993 billion. This marks a significant...

Three oil deals to be signed in first half of 2025 with successful bidders in inaugural bid round- Gov’t

kaieteurnewsonline.com - 22/Jan 07:34

One year, four months later… Kaieteur News- Guyana is likely to enter three new Production Sharing Agreements (PSAs) in the first half of this year,...

Guyana earned US$2.5B from oil last year

kaieteurnewsonline.com - 17/Jan 10:30

Kaieteur News- Guyana’s Natural Resource Fund (NRF), the country’s oil account, received a total of US$2,505,193,036 for the year 2024. According...

Govt placing heavy burden on citizens shoulders with US$6B debt – Glenn Lall

kaieteurnewsonline.com - 08:29

…but Jagdeo says borrowing economically-sound Kaieteur News- The recent revelation by Guyana’s Minister of Finance, Dr. Ashni Singh that the...

‘Guyana could have received at least US$13B to date from oil’

kaieteurnewsonline.com - 14/Jan 07:35

—Chartered Financial Analyst Kaieteur News- Guyana has lost at least US$6.5B in oil revenue between the period 2020 and 2024, due to the lopsided...

MP Duncan criticizes Govt’s increased borrowing

kaieteurnewsonline.com - 25/Jan 10:55

…country’s debt rose to US$6B by the end of 2024 Kaieteur News- Opposition Member of Parliament (MP) Sherod Duncan, on Friday, voiced his concerns...

‘Chokehold of oil on Guyana’s economy spells trouble for country’s climbing debt’- Former Finance Minister

kaieteurnewsonline.com - 21/Jan 09:14

Kaieteur News- While Guyana’s debt continues to rise, the country’s heavy reliance on the resources from oil to service its loan obligations is...

Gov’t scraps Request for Proposals for Phase Two of Gas-to-Energy project

kaieteurnewsonline.com - 07:24

…invites new bids with numbers revised downward Kaieteur News- Government of Guyana (GoG) has scrapped its earlier issued Request For Proposals...

Green energy blues: What Trump’s climate agreement snub, drilling push means

newsday.co.tt - 23/Jan 03:34

The global energy transition drive was turned on its head on Monday, as one of its biggest contributors and advocates – the US, under...

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