For its first year of oil production, Guyana has been placed in the “weak” performance band of the Resource Governance Index (RGI), a report issued by the independent nonprofit Natural Resource Governance Institute (NRGI) says.
A number of recommendations have been made for improvements.
The NGRI report assesses how 18 resource-rich countries (Guyana included) govern their oil, gas and mineral wealth and covers the period 2019-2020.
Guyana began oil production in December of 2019.
