Tag Archives: Natural Resource Fund Act of 2021.

GUYANA: Government makes first withdrawal of US$200M from Natural Resource Oil fund

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This is the first withdrawal that has been made from Guyana’s oil wealth fund.

The withdrawal was announced on Tuesday night via a press release from the Ministry of Finance, which indicated that this sum has been transferred to the Consolidated Fund to finance national development priorities.

According to the release, the withdrawal was done in accordance with the Natural Resource Fund Act of 2021.          Continue reading

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