Concluding critiques and recommendations on an NRF/SWF mechanism

Introduction

Last week’s column asserted that, logically, any serious critique of Guyana’s Natural Resource Fund, NRF, ought to be pursued at two hierarchical levels of abstraction. One would be “the interrogation of its operations and processes as fixed in its enabling legislation, regulation and practices” [Level 1]. And, the second should be focused on “its properties as a social  construct, abstraction and theoretical idea/notion” [Level 2]. In today’s column l proceed with a critique of the NRF following the sequence indicated here. My recommendations will be intertwined with the critique.