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Christopher Ram clarifies
Dear Editor,
I note with surprise your article in yesterday’s Kaieteur News captioned “Guyana risks losing oil revenues in NY Bank without legislation in force — Ram”. It is a reprise of a column I wrote in the Stabroek News of July 31 of this year.
In that column I set out three possibilities arising from the non-operationalising of the Natural Resources Fund Act passed by the previous Administration in the post-No Confidence Motion Parliament. What makes your article all the more surprising is that it correctly identified those possibilities, none of which remotely suggests any loss of the money held in the Federal Reserve Bank of New York as proceeds of royalties and Guyana’s share of profit oil.
While Kaieteur News is responsible for its own journalism, such journalism must itself be responsible. Thank you for publishing this clarification.
Christopher Ram
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