Guyana is a fascinating country: One of the world's most highly forested countries, the only English-speaking country in South America, the world's fastest growing economy, and perched on the precipice of war with its neighbor Venezuela. The country is located on the Northern coast of South America, with a small strip of fertile land on the coast where almost all its population resides. The interior of the country is mainly virgin rainforest, one of the largest virgin tracts in the entire Amazon.
Georgetown, the capital, is a gritty place where locals warn tourists not to walk after dark, and weathered wooden houses are quickly being replaced by multi-story hotels, malls, and office buildings. Money is pouring into the city. The pace of growth is astounding: In 2022, the economy was said to have grown by 48%.
The reason for this development boom is simple: Oil.
Several companies, most notably Exxon, in 2015 discovered the world's biggest deposits of oil in decades off the coast of Guyana. This windfall is projected to make the country the world's largest per capita exporter of oil by 2025.
This has led to fears of a war. Venezuela has published official maps showing the Essequibo region as part of its territory since December 2023, and has begun to send military equipment to the border areas in preparation for what many believe will be an invasion. Various world powers have conducted military exercises in order to show their resolve to defend Guyana (USA) or prevent Venezuela from using its territory to attack (Brazil).
All of this comes in a region rich with biodiversity, indigenous cultures, and natural resources, many of which are also being exploited by private industry, outside interests, or degraded by climate change.
One thing is for certain: the next few years, possibly even the next few months, will be absolutely pivotal for the country's future.