Latest update April 6th, 2025 12:03 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Sovereign Wealth Fund legislation by December

Jun 29, 2018 News

The draft legislation to establish Guyana’s Sovereign Wealth Fund (SWF) will be placed before the National Assembly before December.
This was disclosed by Minister of Finance, Winston Jordan.
“We have committed in the budget that this legislation will be put to Parliament before the end of the year; we have committed to that. This is June and based on our timetable we are still within the timetable we have committed to,” he said in a Government statement.
In an exclusive interview with the Department of Public Information, the Finance Minister said since 2016 the government has been receiving help from the Commonwealth Secretariat to draft the legislation for the fund, and following consultations with various experts, a draft has been prepared. The fund is being set up to collect and save the considerable revenue accruing from the offshore oil bonanza expected to begin in early 2020.
“The Commonwealth has provided one expert, and he has given an audience to the Cabinet about it. Cabinet has mandated me to submit a draft to the Attorney General about four weeks ago. I have handed it to the Attorney General to put it into legal language, and when he is finished with that, it will formally come to Cabinet for discussion and further adjustments, and then it will be put out to the public for consultations,” Minister Jordan added.

Pic filed as Winston Jordan

Similar Articles

The Glenn Lall Show|| April, 4th, 2025

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

‘One Guyana’ 3×3 Quest tips off today

‘One Guyana’ 3×3 Quest tips off today

Apr 05, 2025

…19 teams to vie for top honours Kaieteur Sports- Basketball teams from around the world will be in action this weekend, when the ‘One Guyana’ 3×3 Quest gets underway. Competing for a...
Read More
Twin tons from Anderson, Imlach steer Eagles back on course

Twin tons from Anderson, Imlach steer Eagles back...

Apr 05, 2025

Race for quarterfinal spots commence today at MoE ground

Race for quarterfinal spots commence today at MoE...

Apr 05, 2025

Marsh sets up Lucknow’s comfortable win over Mumbai

Marsh sets up Lucknow’s comfortable win...

Apr 05, 2025

Saints and GTI dominate as YBG Georgetown Regional Conference continues

Saints and GTI dominate as YBG Georgetown...

Apr 04, 2025

Carty misses ton, Hamilton (80) sets up tense battle as Harpy Eagles speed ace Alimohamed bags 5

Carty misses ton, Hamilton (80) sets up tense...

Apr 04, 2025

Features/Columnists

  • The One-Man Republic

    Peeping Tom… Kaieteur News- There exists, tucked away on the margin of maps and minds, a country that has perfected... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]