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Guyana’s zero-tolerance mining crackdown and fiscal mismanagement spark economic crisis amid oil decline.
Guyana has launched a zero-tolerance crackdown on illegal mining, dismantling unauthorized sites and suspending 107 foreign miners, while linking gold production declarations to mercury purchases to curb under-reporting.
Meanwhile, delays in releasing audit findings on ExxonMobil’s $28.5 billion oil expenses continue, with no recovery of previously flagged improper costs, raising concerns over resource stewardship.
The government’s fiscal strategy, including near-total withdrawals from the Natural Resource Fund and reliance on loans, is fueling an economic crisis as oil fields deplete, critics say, calling the model a “liquidation sale” of national wealth.
La represión minera de tolerancia cero de Guyana y la mala gestión fiscal provocan una crisis económica en medio de la disminución del petróleo.