Why in the News?

Prime Minister Narendra Modi received Guyana's highest honor, "The Order of Excellence," on 20^th November 2024, for his visionary leadership, global advocacy for developing nations, and efforts to strengthen India-Guyana ties. In his speech, he dedicated the award to India’s people and emphasized the historical and growing friendship between the two nations.

About the Co-operative Republic of Guyana

• It is situated on South America’s northern coast, is known for its lush rainforests, vibrant culture, and emerging economy.
• It is the only English-speaking country in South America, maintaining strong ties with the Caribbean region.
• Capital: Georgetown
• Currency: Guyanese Dollar (GYD)
• Political System:
  • It is a unitary parliamentary republic.
  • The President serves as both the head of state and government, with a unicameral National Assembly forming the legislative arm.
• Independence Day: Guyana gained independence from British rule on 26^th May, 1966.
• Major Economic Activities:
  • Oil and Gas: Guyana has become a major player in the global oil industry following significant offshore oil discoveries.
  • Agriculture: Key exports include rice, sugar, and other tropical products.
  • Mining: Guyana is rich in natural resources, including gold, bauxite, and diamonds.
  • Forestry and Fisheries: The country's extensive rainforests and rivers provide economic value.
  • International Organizations: It is an active participant in several international organizations, including:
    • United Nations (UN)
    • Caribbean Community (CARICOM)
    • Commonwealth of Nations
    • Organization of American States (OAS)
    • World Trade Organization (WTO)
    • International Monetary Fund (IMF)
    • World Bank