A windfall is a test disguised as a gift. Guyana’s offshore discoveries have made it one of the fastest-growing economies on earth on paper — and the history of resource booms is, more often than not, a history of squandered ones. The curse is not geology; it is governance.
A windfall is a test disguised as a gift. The curse is not geology; it is governance.
The nations that escaped it shared a discipline: sovereign savings rules that decoupled spending from price volatility, transparent revenue management, and deliberate investment in the human and physical capital that outlasts the resource. The curse falls on those who treat a finite windfall as permanent income.
This is where capacity development earns its place beside capital. The coalition’s role is to help build the institutions — the funds, the rules, the oversight — that convert a decade of oil into a generation of regenerative growth across agriculture, energy, and education, long after the wells decline.
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