Guyana’s economy is projected to grow by 26 percent in 2020, but the country will need more than just money alone to affect much needed changes in governance frameworks, inhuman capital, and transparency.
On November 5, 2020, St. Vincent and the Grenadines will also go to the polls to decide whether Prime Minister Ralph Gonsalves will win his fifth consecutive term in office. The vote is expected to center largely around the United Labour Party’s management of the nation’s troubled economy.
Amidst the global pandemic and resulting economic struggles in China, the country’s agricultural industry is now suffering from flooding, impacting their food supply.
Good governance is no small task, but anti-corruption and accountability measures could be worth their weight in gold for the Caribbean.
From positive forecasts to shrinking economies, the COVID-19 pandemic has had a drastic effect on the Caribbean. How will the region recover?
With Suriname’s electoral process nearing its end, the question now is how the new government will approach the country’s changing geopolitical landscape.
As Suriname prepares to elect a new parliament, the country faces a series of challenges that endanger its geopolitical standing. Whatever the outcome, the next government must be ready to tackle these issue.
With the discovery of new oil reserves, Suriname must work on developing better governance in its institutions, particularly its central bank, or risk mismanaging that newfound wealth.
The deterioration in relations between the two countries is worth noting as it reflects the Cold War-like atmosphere that is increasingly enveloping the Americas.
