With oil money now available, Guyana poised for explosive development this year

Guyana has seen decades of underdevelopment characterised by a lack of economic advancement and social progress but that is about to change.

With the government now legally positioned to tap into revenues from the country’s oil sales it anticipates that 2022 will be a landmark year for developing modern Guyana and changing the economic future for its citizens.

Moves are currently being taken to present within in the next few weeks what will definitely be the country’s biggest National Budget with some US$600 million currently resting in the Natural Resources Fund.

It is that budget that will lay the foundation for the highly anticipated explosion in development.
“This year, 2022, will see the beginning of some of the largest transformational projects ever executed in Guyana,” the country’s Attorney General Anil Nandlall, SC, said earlier this week.

“This is the year that generations of Guyanese have been waiting and yearning for,” the senior government official added during his Tuesday night ‘Issues in the News’ commentary aired on his Facebook page.

To list some of the government mega projects, most of which will be funded through the budget, the AG pointed to the New Demerara Harbour Crossing, the Linden to Mabura road, the West Coast Demerara-Parika Highway, the East Bank Essequibo main access road and the Railway Embankment along the East Coast of Demerara along with farm to market roads across the country.

The government’s gas to shore project will also get off the ground and there is a Deep-Water Harbour to be constructed at the mouth of the Berbice River.

“Work will begin on a potential oil refinery on the east bank of the Berbice River and there are many more important infrastructural work that will the foundation of modern Guyana,” Nandlall stated.

This is the first year Guyana will tap into oil money after discovering oil in 2015 and pumping first oil in 2019. The money, the AG assured, will be “used to develop Guyana and transform the lives of every single Guyanese.”

“This generation of Guyanese is most fortunate and blessed… This year we will transform Guyana into a completely different place.

“It is the expectation, it is the hope of the government that all hands will be on deck,” he added.
Nandlall promised that the government will not leave any grouping of Guyanese behind.

“This is not the time for divisive politics, ethnic strife, or racial insularity… this is time for cohesion, togetherness and national unity.”