More planning, less ‘gloom and doom’ needed to prepare for oil fortune

Perry Holloway

Former United States Ambassador Perry Holloway is concerned that Guyanese don’t grasp the magnitude of the country’s expected economic takeoff from its impending oil production and as a result are not planning accordingly.

“I hear a lot of doom and gloom about a lot of things in Guyana but I understand that there are a lot of people saying, ‘We had gold, we didn’t really do much. We had bauxite we didn’t benefit that much…’ All true, but this is so much bigger than gold or bauxite or anything,” Holloway told reporters last week during his final meeting with the press here.

The ambassador, who leaves for his homeland today after the completion of his three-year tour of duty, said Guyanese need to educate themselves on the sector so that they can in turn hold their policymakers accountable, while preparing to tap into opportunities that will be afforded to them.