OPINION: Guyana should adopt a natural resources fund that mirrors Norway

Arthur Deakin

By Arthur Deakin – OilNOW

Historically, countries that discover large amounts of natural resources, such as oil or gold, tend to create a Sovereign Wealth Fund to manage their newfound wealth. Guyana, which recently discovered 9 billion barrels of proven oil reserves, is following that same path.

The structure of this new fund, known locally as the Natural Resources Fund (NRF), will fundamentally impact how effectively the country spends and saves its oil monies.

READ MORE https://oilnow.gy/featured/guyana-should-adopt-a-natural-resources-fund-that-mirrors-norway-not-kazakhstan/

Post a comment or leave a trackback: Trackback URL.

Comments

  • brandli62  On 07/23/2021 at 4:14 am

    An excellent analysis by Arthur Deakin. I hope that every politician in Guyana takes notice!

  • wally n  On 07/23/2021 at 1:02 pm

    Why does the Government prefer Kazakhstan method, maybe because of Government control???anyone ask? So frustrating, when so many people suggested what appears to be more beneficial to THE people, the Government never responds. The method of soliciting THE “peoples” input is the oldest political scam in the world.
    You get a new bridge .. you get a new hotel .. hell you all get a new bridge!!!!!!
    coming right up????

    • Brother Man  On 07/23/2021 at 2:54 pm

      If any of Guyana’s oil money is ever siphoned off and hidden in unknown bank accounts by the Ali/Jagdeo cabal, they must be held to account and prosecuted to the fullest and if found guilty of engaging in criminal activity regarding that revenue must be sent to prison for the rest of their lives.

  • wally n  On 07/23/2021 at 3:15 pm

    OK Bro…ya hired…best of luck..

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s