Oil is the one-word explanation for the transformation underway in Guyana’s economy and financial system.
The discovery of oil will likely transform Guyana’s economy. But there are downsides to sudden resource-related wealth, as other developing economies have learned.
Caribbean lenders still face challenges to growth, as shown in The Banker's Top 50 Caricom Banks ranking for 2016, but many have turned the corner in terms of profits.
The Guyanese government is looking to the small South American country's vast, untouched rainforests as a means of promoting eco-friendly development. Writer Brian Caplen