“The surge in prices is harsh and clearly hurts small economies like Guyana,”says Prime Minister Sam Hinds.
One of the poorest countries in the Western Hemisphere with per-capita income of $975 last year, Guyana has also been hit by leaping food prices, the result of the world´s thirst for renewable fuels made from crops.
“There is a direct link between standard of living and consumption of power,”notes Guyana Energy Agency chief executive Joseph O´Lall.“There´s