CASH FROM OIL | Caribbean Life

Share on TwitterTweet
Share on Facebook


Until renowned Caribbean economist professor Clive Thomas raised it at a public engagement recently, Guyanese had long been speaking in hushed tones about how some of the billions the country expects to get from its bountiful offshore oil harvest will directly and quickly reach to their pockets.

Thomas, a leading light in the Working People’s Alliance Party (WPA) and the head of the post 2015 State Assets Recovery Agency (SARA) has triggered a political firestorm by suggesting that poorer households and by extension, every Guyanese should be able to directly draw down cash when actual oil production begins in late 2019 or early 2020.

The administration of President David Granger has been more preoccupied with establishing a…

Read More

  • 1