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Guyana Elections 2015: APNU+AFC promises to set up Special Fund for natural resources

Opposition coalition promises to set up Special Fund for natural resources

Sunday, 10 May 2015 01:01 – Written by  Denis Scott Chabrol – Demerara Waves

A section of the APNU+AFC's attendees at the coalition's rally.

A section of the APNU+AFC’s attendees at the coalition’s rally.. … Click to Enlarge

Just days after authorities announced that Exxon-Mobil, an American oil giant has found hydrocarbons offshore Guyana but was yet to determine if it was in commercial quantities, the leader of the opposition coalition, David Granger announced that if he wins next Monday’s General Elections government would stash away some of the earnings from the natural resources sector for future generations.

“I am talking about putting the profits coming out of gold and diamonds, coming out of timber and coming out of petroleum and any other mineral discovered in this country but the profits will go into a Sovereign Wealth Fund to benefit future generations,” Granger told a mammoth gathering at a rally held  at the Square of the Revolution by A Partnership for National Unity+ Alliance For Change (APNU+ AFC)Continue reading

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