Natural Resource Fund overstated by $274,765 Mn., should be addressed as a matter of urgency.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 118 – December 29, 2023 Among the several challenges facing the Natural Resource Fund (NRF) – also known internationally as a Sovereign Wealth Fund – identified in column 117 published on 22 December, was one which I described simply as “accounting”. Readers will…

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Natural Resource Fund faces institutional, Capacity, investment and accounting challenges.

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 117 – December 22, 2023 Introduction The International Monetary Fund and the Inter-American Bank have both expressed concerns about the structure and operations of the Natural Resource Fund, one of the PPP/C’s flagship projects directly associated with the oil and gas economy. This…

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Unraveling the Confusion: Examining Relinquishment Policies in Guyana’s Oil Blocks

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 114 – November 17, 2023 Introduction The Kaieteur News this past Wednesday reported that Minister of Natural Resources Vickram Bharrat as stating that the Government has written ExxonMobil directing that it relinquish portions of the Kaieteur and Canje Oil Blocks. There are two…

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