A disturbing video clip, which went viral after being posted by several social media pages and personalities, shows the President of Guyana, Dr. Irfaan Ali, handling one of his presidential guards in a somewhat uncouth manner.
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Direct Cash Transfers to Citizens Would Contribute Greatly to Economic Growth
Guyana started pumping oil in late 2019, and to date (January 2023) has earned more than US$2 billion from oil revenues and royalties. That translates to roughly GY$420,000,000,000.00. This breaks down to roughly GY$525,000 per person using the generous population estimate of 800,000. Production data produced by the Ministry of Natural Resources show that Guyana recorded its highest output level in November 2022, reaching 389,000 barrels of oil per day. But production rate is climbing and Guyana is projected to produce more than 600,000 barrels of oil in 2023.