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| dc.title | Traversing a Slippery Slope: Guyana's Oil Opportunity |
| dc.contributor.author | Balza, Lenin |
| dc.contributor.author | Brearley, Emily |
| dc.contributor.author | Clarke, Dillon |
| dc.contributor.author | Gauto, Victor |
| dc.contributor.orgunit | Infrastructure and Energy Sector |
| dc.coverage | Guyana |
| dc.coverage | Latin America and the Caribbean |
| dc.date.available | 2020-08-27T00:00:00 |
| dc.date.issue | 2020-08-27T00:00:00 |
| dc.description.abstract | New oil-producing countries face the daunting challenge of transforming expected revenue windfalls into sustainable and inclusive economic development. Record discoveries and growing hydrocarbon reserves bring high prospects for economic development and social transformation, but success in these areas requires getting several key aspects of resource and institutional development right. In this paper, we focus on the case of Guyana, where oil production began in December 2019. We systematically lay out the context of hydrocarbon exploration and production in the country, examine the fiscal regime and projected revenues, address hurdles to developing a cohesive governance framework for the sector, and offer new policy perspectives on how Guyana can use oil revenues for a more sustainable development agenda. |
| dc.format.extent | 55 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0002622 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Traversing-a-Slippery-Slope-Guyanas-Oil-Opportunity.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Institutional Capacity |
| dc.subject | Petroleum |
| dc.subject | Commodity Export |
| dc.subject | Economic Development |
| dc.subject | Extractive Industry |
| dc.subject | Natural Resource |
| dc.subject | Oil Production |
| dc.subject | Oil Reserve |
| dc.subject.jelcode | O54 - Latin America • Caribbean |
| dc.subject.jelcode | O43 - Institutions and Growth |
| dc.subject.jelcode | O10 - Economic Development: General |
| dc.subject.jelcode | Q40 - Energy: General |
| dc.subject.keywords | Economic Development;institutions;oil production;Latin American and the Caribbean |
| dc.type | Technical Notes |
| idb.identifier.pubnumber | IDB-TN-01994 |
| idb.operation | GY-T1148 |