Oil finds propel Guyana to top of CARICOM FDI table

Guyana’s successive world class oil finds beginning back in May 2015 have propelled the country to the top of the list of Foreign Direct Investment recipients across the entire Caribbean Community (CARICOM) last year and second behind the Dominican Republic across the Caribbean and Latin America as a whole, according to a recently released assessment of FDI inflows into the region released earlier this month by the United Nations Conference on Trade and Development. (UNCTAD). Guyana’s receipts for last year amounted to US$1.834 billion, exceeding the US$1.695 billion received last year. The country’s 2020 FDI investment inflows far exceeded FDI receipts across the entire Caribbean Community (CARICOM).

The revelation in the UNCTAD report is a manifestation of the level of foreign investor interest from which Guyana has benefited since news of the country’s first ever “world class” oil find broke back in May of 2015.  In 2019, Foreign Direct Investment in Guyana totaled US$1.695 billion.


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