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Economic diversification must continue in order to avert oil dependence –...

Guyana’s Finance Minister, Winston Jordan has underscored the importance of continuing to diversify the economy as Guyana becomes an oil producing state to ensure...

Oil refinery not on “immediate horizon” – Guyana Finance Minister

As preparations move forward in Guyana for oil production, set to begin in less than 24 months, the country’s Finance Minister, Winston Jordan, says...

‘US dollar’ Natural Resources Fund to be held at Bank of...

In outlining its proposed plan for managing future petroleum revenues and establishing a fiscal rule and a Sovereign Wealth Fund, the Guyana...

Guyana’s O&G earnings to be invested in “safe and liquid assets”-...

A portion of revenues from Guyana’s oil and gas industry, once placed in the imminent Natural Resource Fund (NRF) will be “invested...

Finance Ministry to manage Guyana’s wealth fund

Guyana’s Natural Resource Fund—the South American nation’s Sovereign Wealth Fund for its Oil and Gas (O&G) earnings—will be managed by the Ministry...

Single Fund deemed to be sufficient for petroleum revenue management

A single fund will be the most “effective, efficient and transparent mechanism” for achieving the multiple objectives of the Guyana Government for...

Sovereign Investment Committee to aid in O&G revenue management

The Government of Guyana is looking to establish a Sovereign Investment Committee which will be responsible for advising the Minister of Finance...

Cabinet to further review proposed spending of O&G revenue; Parliament to...

Guyana’s Cabinet has reviewed the proposal by the Ministry of Finance for the spending of revenues garnered from the country’s emerging petroleum industry but...

World Bank provides US$35M to support Guyana O&G preparations

The World Bank and Guyana’s Minister of Finance Winston Jordan on Friday, July 27, signed a policy-based loan agreement for US$35 million to support...

Finance Minister vows ‘no massive expenditure’ to be incurred in anticipation...

This is the view of Minister of Finance, Winston Jordan, as he was at the time responding to the Guyana Election Commission (GECOM)’s request...