Posts From Dwarka Lakhan
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Dwarka Lakhan
Guyana to remain on path to prosperity
Coming off a year of record-breaking economic growth, Guyana’s economy is expected to record another world-leading performance in 2023, with GDP growth forecasted at 34.3%. While the oil-sector will be the largest contributor to growth, the non-oil sector will also
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Smuggling gold, Guyana’s highest Money Laundering Risk
Long considered a serious but largely ignored crime, gold smuggling has been ranked as one of the highest money laundering risks in Guyana. According to the country’s recently released Second Money Laundering and Terrorist Financing National Risk Assessment (NRA)
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Total public debt rising, not falling
Contrary to misleading headlines in the local press, Guyana’s external as well as its domestic public debt have been rising and not falling. In fact, the country’s total public debt is currently at its highest level in the last decade.
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Can Guyana emerge as a hotbed for financial and related crimes?
As Guyana’s economy steams ahead on the back of its bourgeoning oil sector, buoyed by a flood of foreign investments, the potential for an increase in financial and related crimes in areas such as money laundering, corruption, narcotics and human
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Guyana becomes key supplier of oil to Europe
As Guyana ramps up oil production, it has become a key player in alleviating energy shortage in Europe. Almost half of the country’s oil exports have headed to Europe so far this year, with expectations of increasing supply to the
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Diversifying Guyana’s non-oil economy tough without a development plan
As Guyana strives to diversify its rapidly growing oil-based economy, the government has embarked on an ad hoc spending spree, without adherence to a national development or strategic plan. Using revenues from oil, in combination with a 21% increase
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Stocks on Guyana Stock Exchange Rise Dramatically
As interest in Guyana grows, selected securities on the Guyana Stock Exchange (GSE) have risen dramatically so far this year. As a result, the market capitalization of the 19 listed companies surpassed GY$1 trillion at the end of trading on
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2022 Guyana National Budget – Heavy on Higher Living Standards (Part 2)
Part 1 of this column reviews social measures announced in Guyana’s 2022 national budget. Part 2 will review major development initiatives. While there were no major surprises, Guyana’s 2022 budget proposes substantial investments in what the government refers to
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2022 Guyana National Budget – Heavy on Higher Living Standards (Part 1)
Part 1 of this column reviews social measures announced in Guyana’s 2022 national budget. Part 2 will review major development initiatives. Set against the backdrop of strong economic growth in 2021, in which real GDP is estimated to have
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Emerging Markets: A positive outlook amid choppy waters
Emerging markets will continue to grow faster than their developed counterparts Emerging markets equities faced choppy waters for the first three quarters of 2019. This asset class began the year on a strong note, rallying through the first quarter, then
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