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Articles on Resource curse

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Liberia and Sierra Leone actively sought international aid to combat Ebola in 2014, Guinea downplayed the extent of the deadly disease. EFE-EPA/Ahmed Jallanzo

Papers show what lay behind Condé regime’s Ebola denialism in Guinea

President Alpha Condé’s pursuit of mining interests during the Ebola crisis may have foreshadowed his demise as he tightened his grip over power and plundered the state’s wealth.
General Abdel Fattah al-Burhan, left, and Prime Minister Abdalla Hamdok at an October 2020 ceremony celebrating the peace deal. Ebrahim Hamid/AFP via Getty Images

Peace in Sudan: patience is required for the long road ahead

The transitional government has achieved a monumental milestone, but peace agreements in Sudan have been known to fall apart quickly.
Secretary of State Mike Pompeo with Guyana’s president, Mohamed Irfaan Ali, Sept. 18. Pompeo is the first U.S. secretary of state to visit the tiny South American country. AFP via Getty Images

Pandemic crushes Guyana’s dreams of big oil profits as ‘resource curse’ looms over oil-producing nations

Tiny Guyana hoped to see unprecedented wealth this year as ExxonMobil’s offshore wells began pumping out crude. Instead, it got a pandemic and political strife. Other oil states are struggling, too.
Guyana, a former British colony on the north shore of South America, may soon supplant Trinidad and Tobago as the Caribbean region’s biggest oil producer. Reuters/Andrea De Silva

Guyana, one of South America’s poorest countries, struck oil. Will it go boom or bust?

Guyana is on the verge of an oil bonanza that could bring in US$1 million a day. But if it’s not careful, this poor nation – population 750,000 – could fall prey to the dreaded ‘resource curse.’
Inflation reached 800% in Venezuela. Here, a banknote featuring president Nicolas Maduro’s face has been stamped as ‘devalued’. Jorge Silva/Reuters

Inside Venezuela’s economic collapse

How is a country that was once South America’s richest now on the verge of bankruptcy? A Venezuelan economist breaks down his country’s descent into chaos.

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