Guyana to establish a Sovereign Wealth Fund

The Guyana Government has said that it intends to establish a sovereign wealth fund to enable the country to obtain long-term benefit from it oil and mineral resources.

Speaking on November 25 at a workshop in Guyana focussed on the operation of sovereign wealth funds, the Minister of Governance, Raphael Trotman said that before the end of 2016 model legislation will be presented to the country’s National Assembly for scrutiny, debate and nationwide consultations.

Mr Trotman said that Guyana’s APNU+AFC coalition government had embarked on a process of resource management that aimed at changing the country’s trajectory and ensuring a better future.

Further details can be found in our publication Caribbean Insight. The Caribbean Council is also able to provide further information about the oil and mining industry in Guyana upon request and on a consultancy basis.