“Hit-and-run capitalism” targets Guyana’s oil and gas

One eloquent index that the deal is a disastrous one for Guyanese is the fact that even the IMF urged the Georgetown government to take a tougher line. “Existing production-sharing agreements appear to enjoy royalty rates well below what is observed internationally”, the World Bank’s partner-in-crime said in a statement. You know this deal must stink to high heaven when even the premier neocolonial agency [the IMF] charged with the duty of siphoning-off wealth from the poor to the rich countries can raise such an objection.

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