Guyana Plans ‘Norway on Steroids’ to Avoid Oil’s Resource Curse

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Why This Matters

Guyana is rapidly diversifying its economy, aiming to avoid the 'resource curse' often associated with oil-rich countries, by investing heavily in various sectors, drawing comparisons to Norway's successful economic model.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Oil-rich Guyana is spending so heavily and quickly on diversifying its economy that it’s on the cusp of becoming a “Norway on steroids,” according to President Irfaan Ali.

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Original article published by Bloomberg on February 19, 2026.
Analysis and insights provided by AnalystMarkets AI.