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HARDtalk

Mohamed Irfaan Ali: Is oil a blessing or a curse for Guyana?

Mar 29, 2024
Guyana's President Mohamed Irfaan Ali discusses the challenges and opportunities of managing offshore oil reserves. Topics include economic growth, Venezuela-Guyana territorial dispute, balancing oil revenue and environmental concerns, political tensions, and transforming society with oil revenue.
23:32

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Quick takeaways

  • Utilize oil wealth to address poverty and societal needs for competitiveness.
  • Resolve territorial disputes through diplomatic channels and international alliances for sovereignty defense.

Deep dives

President Ali's Strategy for Economic Growth

President Ali discusses Guyana's remarkable economic growth, highlighting the country's journey from debt to prosperity through strategic infrastructure investments. Despite challenges, such as political instability and territorial disputes with Venezuela, Ali emphasizes the importance of utilizing oil wealth to address historical poverty and meet societal needs, fostering competitiveness.

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