Gov’t makes US$300m transfer from NRF to Consolidated Fund

The Guyana Government has made its second withdrawal from the Natural Resource Fund (NRF) for this year – US$300m.

In a statement yesterday, the Ministry of Finance noted that pursuant to the Natural Resource Fund (NRF) Act 2021, as amended by the Fiscal Enactments (Amendment) Act 2024, Parliamentary approval was granted for US$1,586,150,331 (equivalent to $329,885,563,088) to be withdrawn from the NRF in 2024.