Tag Archives: Natural Resources Fund

The nominees by the Opposition Leader and the Bank of Guyana on the Investment Committee of the Natural Resources Fund into which oil revenues are deposited have been approved retroactively and could now sit on that decision-making body, according to the Official Gazette. The Opposition Leader’s nominee, city businessman Dr Terrence Campbell and Mr Ganesh Sugrim were nominated by the ...

Due to the failure of the opposition People’s Progressive Party (PPP) and the Private Sector Commission (PSC) to nominate representatives to sit on an oversight committee to manage Guyana’s Natural Resources Fund (NRF), also known as the Sovereign Wealth Fund, Finance Minister Winston Jordan says government will be unable to spend the monies until after general elections. He said if ...