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Daily Archives: Friday, 3 June 2022, 22:29

Amended wealth fund law “promotes transparency”- IMF

Last Updated on Saturday, 4 June 2022, 0:05 by Denis Chabrol The International Monetary Fund (IMF) is praising the Guyana government’s amendments to the law governing the oil wealth fund. “The recent amendments to the 2019 Natural Resource Fund (NRF) Act set clear ceilings on withdrawals from the Fund for budgetary spending and promote transparency in the management and use ...

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IMF warns Guyana about fast-tracking public investment

Last Updated on Friday, 3 June 2022, 23:28 by Denis Chabrol The International Monetary Fund  (IMF) is warning Guyana against spending rapidly on public investment projects because this can have severe economic consequences. “Staff urge caution in determining the pace of ramping up public investment. While pressing development challenges still face the country, a large surge in public investment could ...

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Guyana is now UK’s single largest trading partner in the Caribbean

Last Updated on Friday, 3 June 2022, 7:54 by Denis Chabrol The United Kingdom is boasting increasing trade with Guyana, making this oil-rich nation its single largest trading partner in the Caribbean British High Commissioner to Guyana Jane Miller said Thursday night.  Addressing the Queen’s Birthday Party, she said total trade between the UK and Guyana last year amounted to ...

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