Guyana’s president: Are new oil discoveries a curse?

President Irfaan Ali discusses if inexperienced economies are unfair to Guyana’s oil explorations and improvement plans.

Guyana is a former British colony positioned between Brazil, Venezuela and Suriname.

The nation is wealthy in biodiversity – in addition to minerals. And within the final decade, some 11 billion barrels of oil have been discovered – which is essentially the most important discovery of its sort lately.

However because the world is transferring in direction of greener economies, is it truthful for nations like Guyana – struggling to beat poverty and appeal to international funding – to not profit from its newly-found riches?

Guyanese President Irfaan Ali talks to Al Jazeera.

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