The World Bank’s board of executive directors has approved a $20 million credit from the International Development Association (IDA) to strengthen institutions, laws, and regulations to promote good governance and a prudent management of Guyana’s oil and gas sector.
Announcing the credit last week, the World Bank noted Guyana’s position among the 25 largest oil reserve-holders in the world after a series of discoveries starting in 2015. Annual GDP growth is projected to rise from 4.6 percent in 2019 to 34 percent in 2020, according to the international financial institution.
Brazil Energy Insight 
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