What is the major problem is Guyana facing?

Answer 1

Guyana's major problem is managing its rapid economic growth driven by significant oil discoveries, which pose challenges such as potential environmental degradation, social inequality, and governance issues. The influx of oil revenues raises concerns about the "resource curse," where reliance on oil may hinder diversification and sustainable development. Additionally, there are risks of corruption and inadequate infrastructure to handle the economic boom, which could exacerbate existing social tensions and disparities. Addressing these challenges is crucial for ensuring long-term stability and equitable growth in the country.