Guyana may have lost up to an estimated US$13 million in potential returns on investments due to its sloth in not operationalising its Natural Resource Fund, according to economist Dr Tarron Khemraj.
“Each day the government procrastinates means the country’s loss expands beyond US$13.173 million. By end of 2021, this loss – by choice – would easily exceed US$20 million – the amount of the infamous signing bonus,” Khemraj wrote in his Sunday Stabroek column as he pointed to the paltry interest currently being had on amounts in the Federal Reserve Bank of New York account.
He further argued that the extra income that could be yielded from capital gains and dividends could go a long way towards building a modern highway from Diamond to Mandela Avenue.