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The Guyana gov­ern­ment says the glob­al en­vi­ron­ment is im­pact­ing the rev­enue of the oil and rice in­dus­tries, but re­main con­fi­dent that the coun­try’s eco­nom­ic pro­jec­tions would be met.

Fi­nance Min­is­ter Dr. Ash­ni Singh, dur­ing the first sit­ting of the Par­lia­ment fol­low­ing the Sep­tem­ber 1 re­gion­al and gen­er­al elec­tion, tabled the mid-year eco­nom­ic re­port show­ing that the in­ter­na­tion­al en­vi­ron­ment was hav­ing an ef­fect on the in­dus­tries.

Ac­cord­ing to the re­port, the coun­try’s oil rev­enues bare­ly in­creased dur­ing the first half of this year due to a re­duc­tion in in­ter­na­tion­al oil prices, even as the sec­tor is pro­ject­ed to grow this year with the start of pro­duc­tion by the float­ing pro­duc­tion stor­age and of­fload­ing (FP­SO) ves­sel at Yel­low­tail in the Stabroek Block.