Guyana is poised to become the fourth-largest offshore oil producer in the world. But many Guyanese people worry their lives won’t improve for the better even if the oil boom generates billions of dollars for this largely impoverished nation.
Despite the nation's oil boom, poverty is deepening for some as the cost of living soars, with goods such as sugar, oranges, cooking oil, peppers and plantains more than doubling in price while salaries have flatlined.
Oil boom transforms Guyana, prompting a scramble for spoils columbian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from columbian.com Daily Mail and Mail on Sunday newspapers.
Guyana is poised to become the fourth-largest offshore oil producer in the world. But many Guyanese people worry their lives won’t improve for the better even if the oil boom generates billions of dollars for this largely impoverished nation.