Guyana is one of the poorest countries in South America. However, huge oil deposits are being discovered in its waters. Forecasts indicate that by 2035 it could produce 1.5 million barrels per day. Guyana would therefore become the world’s largest oil producer per capita. So the question is clear: Will the petrodollars boost Guyana’s economic development and lift thousands of people out of poverty? Or will it become the new Venezuela? In this video we tell you about it.
Guyana, officially the Co‑operative Republic of Guyana, is a country on South America’s North Atlantic coast, is defined by its dense rainforest.
Its capital, Georgetown, is known for British colonial architecture, including tall, painted-timber St. George’s Anglican Cathedral. A large clock marks the facade of Stabroek Market, a source of local produce.
Guyana is the only South American nation in which English is the official language. The majority of the population, however, speak Guyanese Creole, an English-based creole language, as a first language. Guyana is part of the Anglophone Caribbean.
It gained independence in 1966, and officially became a republic within the Commonwealth of Nations in 1970.
Venezuela is a country on the northern coast of South America with diverse natural attractions. Along its Caribbean coast are tropical resort islands including Isla de Margarita and the Los Roques archipelago. To the northwest are the Andes Mountains and the colonial town of Mérida, a base for visiting Sierra Nevada National Park. Caracas, the capital, is to the north.