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Oil revenue will not be used for emergency budget – Guyana...

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Authorities in Guyana said on Monday no revenue from the country’s growing Natural Resources Fund (NRF) account will be used for an...

Legal framework for fund holding close to US$100 million in oil...

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Guyana’s Natural Resources Fund (NRF) will either be amended or repealed and replaced by the new government over what it has described as ‘serious...

Robust systems must be in place before touching oil money –...

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Newly elected President of Guyana, Dr. Irfaan Ali, says he will be looking to ensure that robust systems are in place for the management...

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...

Operationalisation of wealth fund vital when oil production begins – Global...

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The need for Guyana’s Natural Resources Fund (NRF) to be operational when revenues begin flowing to the country from oil production is being emphasized...

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...

Oil fund management for Guyana

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Central to any revenue management law is the set of rules and basic principles governing the management of the oil fund. Good governance, professional...

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...

Oversight Committee for Guyana petroleum wealth fund being set up

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Guyana’s Ministry of Finance is in the process of putting together the Public Accountability and Oversight Committee of the Natural Resource Fund being set...