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Govt draws down sixth transfer totalling US$100M from Resource Fund

Admin by Admin
November 4, 2023
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Five Non-Nationals Detained in Expanded Potaro Mining Sweep

INVESTIGATIVE REPORT: Guyana is Building a 300 MW Power Plant, But is that sufficient for the nation’s future growth?

The Government of Guyana has made its sixth transfer, totalling US$100 million (equivalent to G$20.8 billion) from the Natural Resource Fund on October 24, 2023, to the Consolidated Fund. This transfer brings the accumulated withdrawals to date in 2023 to US$750 million (equivalent to G$156 billion), within the total of US$1.002 billion (equivalent to G$208.9 billion) approved to be withdrawn in 2023.

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