Political instability has been partly to blame for a deterioration in peacefulness in Guyana, although efforts to tackle corruption are improving. The economy was the best performer globally in 2020, but major oil discoveries also raise the country’s exposure to oil price fluctuations. Consumption is set to grow strongly, but the population is ageing. Liberalisation of the telecoms sector could increase competition, leading to lower network tariffs against the backdrop of rising internet use.
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