Emerging Markets Today

Encore: Guyana, World's Fastest Growing Economy

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Episode notes

This is the last encore episode of 2023! In the face of the possible border dispute between Venezuela and Guyana, I decided to repost the episode I recorded with Steven Jasmin, the Managing Director of SC3. Stephen has been deeply involved in Guyana since 2017 and has some fascinating insights about this rapidly growing nation.

Here are some key takeaways from our conversation:

Guyana's Transformation: Since the discovery of oil in 2015, Guyana has been on a remarkable journey of growth. It's projected to have a real GDP growth rate of 4346%.

The Qatar of South America: Steven believes that Guyana has the potential to become the "Qatar of South America" and the world's fastest-growing economy. This bold claim is backed by the country's massive oil reserves and its strategic location.

Investment Opportunities: Guyana's growth isn't just about oil. There are significant opportunities in infrastructure development, eco-tourism, and real estate. Plans are underway for a massive deepwater harbor and a road or rail network connecting Guyana to Brazil.

The Future of Guyana: Despite its small population, Steven predicts an influx of people due to its status as the fastest-growing economy.

For more on Smart City Clearing Company Ltd.(Sc3) click here

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