Tag Archives: economist Ramon Gaskin

GUYANA: OIL: ‘Don’t rush the National Resources Fund (NRF) Bill’ – David Patterson

  • Opposition needs three months to scrutinise NRF bill
  • says Govt. rushing to quickly put hands on oil money

By Davina Bagot – Kaieteur News – Dec 24, 2021

David Patterson

Shadow Oil and Gas Minister, David Patterson has accused the Peoples Progressive Party (PPP) of forcing the critical National Resources Fund (NRF) Bill into legislation, so as to quickly access the fund.

The NRF is one of the latest Bills laid in the National Assembly and outlines the way in which the earnings from oil and gas production are to be spent. In fact, the Bill was tabled only on December 16 and is slated to be debated on December 29 and passed. There have been calls for the proposed legislation to be discarded even as some asked that it be sent to a special select committee as is done with complex bills. Already a civil society group, Policy Forum Guyana has filed a petition to Parliament for the bill to be stayed.        Continue reading

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