GEORGETOWN, Guyana, CMC – Guyana says it has made a second withdrawal this year from the Natural Resource Fund (NRF), totaling US$200 million.
Senior Finance Minister Dr. Ashni Singh said the funds, amounting to GUY$41.6 billion, will be used to finance national development priorities.
n February of this year, the government withdrew US$200 million, bringing the accumulated withdrawals to date in 2023 to US$400 million or GUY$83.2 billion.
A government statement said that as part of the Budget 2023 process, Parliamentary approval was granted for a total of US$1.002 billion to be transferred during the fiscal year 2023.
The government said it would continue to work aggressively through “sound and transformative investments of oil resources from the NRF, utilizing these resources clearly and transparently, to the benefit of present and future generations.”
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