Noting that first oil augurs well for the country, Chairman of Republic Bank (Guyana) Limited, Nigel Baptiste says that this requires a stable social and political climate and he hoped that upcoming general and regional elections “will unfold smoothly”.
In his Chairman’s address in the bank’s 2019 report, Baptiste cited ExxonMobil’s 14 oil well discoveries and two more by Tullow and said that Republic is “committed to the future development of Guyana and remains optimistic about continued improvement in the economy, thereby providing an enabling environment for the prosperity of all Guyanese”.