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Clarity, transparency needed for ‘cash transfers’ – expert warns

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Following an announcement by the Guyana Government that there would be targeted cash transfers from oil revenues for the country’s vulnerable, an...

Finance and Natural Resources for Presidential oversight in Guyana

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The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which...

Second royalty payment pushes Guyana’s oil revenue above US$98 million

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Guyana’s second royalty payment from oil produced and sold in Q2 2020 now pushes the total revenue the country has received since oil production...

Guyana oil revenue climbs to almost US$95 million as proceeds from...

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More than US$35 million has been deposited into Guyana’s Natural Resource Fund (NRF) account representing payment for its second one-million-barrel oil cargo lifted in...

Guyana publishes Royalty Statement for close to US$5 million cash payment...

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Authorities in Guyana have published the Royalty Statement for the almost US$5 million cash payment the country has received in royalty from oil produced...

Bank account to receive Guyana oil revenue to be established next...

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The account to receive oil revenue through the Natural Resource Fund (NRF) will be established next week at the Bank of Guyana. This announcement was...

Operationalisation of oil fund expected after elections – Guyana finance minister

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Guyana’s Finance Minister, Winston Jordan, is calling on politicians and others in the country not to politicize the Natural Resource Fund (NRF), also known...

Strict rules will ensure NRF not treated as slush fund by...

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Guyana’s finance minister, Winston Jordan, says ‘strict rules’ governing the administration of the fund that is being set up to manage oil income will...

PSC ‘working overtime’ to identify representative for Guyana’s wealth fund

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Chairman of Guyana’s Private Sector Commission (PSC), Gerry Gouveia, says the business group is working overtime to identify a suitable person to sit on...

Wealth fund workshop planned; committees not yet fully constituted

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A team from the International Monetary Fund (IMF) has been in Guyana to assist the Government, through the Ministry of Finance, in setting up...