BGR Government Affairs has inked a $35K monthly retainer pact to provide strategic counsel and US outreach to Guyana, the world’s fastest-growing economy.
The International Monetary Fund forecasts the economy of the former British colony in South America will grow 47 percent this year. That follows a 20 percent growth in 2021.
Until ExxonMobil discovered oil off the coast of Guyana in 2015, it had ranked among the poorest of South American countries. Hess and China's CNOOC are ExxonMobil partners.
Guyana president Irfaan Ali told the Financial Times that his country is trying to avoid the “oil curse” by investing in healthcare, education and transportation to develop a sustainable economy.
BGR’s one-year contract kicked off April 6.
Lester Munson, who was deputy assistant administrator for the US Agency for International Development during the Bush administration, is working on Guyana business.