Guyana Oil Wealth

Guyana Oil Wealth

Guyana, a small South American nation with a population of over 800,000 people, experienced a significant oil boom that transformed it into the world’s fastest-growing economy. The President of Guyana, Irfaan Ali, has announced that every Guyanese citizen aged 18 and older as of January 1, 2024, will receive a $100,000 cash grant. The President also announced that in addition to abolishing the tuition fees for the University of Guyana from January 2025, the Government will also be abolishing the tuition fees at all Government technical and vocational schools.

Angela Brooks for YAME
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