Navigating the Distribution of Guyana’s Oil Wealth

Navigating the Distribution of Guyana’s Oil Wealth

A Closing Statement from Dr. Terrence Blackman

In our recent discussion on distributing Guyana’s oil wealth, we explored the complexities of ensuring that resources reach those who need them most while fostering social cohesion and shared prosperity. Dr. Terrence Blackman highlighted the potential of a Universal Basic Income (UBI) model, drawing parallels to the Alaska Permanent Fund as a promising example.

Despite concerns about waste, fraud, and misuse, Dr. Blackman emphasized the need for an open, constructive approach rather than cynicism. The goal is to balance effective distribution with shared ownership across society. This process should be free from political bias, instead focusing on creating robust, transparent systems to bridge partisan divides.

Achieving this requires engaging diverse stakeholders and utilizing technical expertise to design mechanisms that ensure equity and transparency. As Guyana continues to debate the best way to utilize its resources, there is hope that through ongoing dialogue, a sustainable path forward can be found—one that benefits all citizens, now and for future generations.

The full recording of our program provides a deeper dive into the conversation and insights shared.