Tag Archives: Guyana: Sovereign Wealth Fund will have effective budget stabilizing feature – Trotman

Guyana: Sovereign Wealth Fund will have effective budget stabilizing feature – Trotman

Sovereign Wealth Fund will have effective budget stabilizing feature – Trotman

— To also cater for environmental protection, funding of social protection projects

Natural Resources Minister, Raphael Trotman

While the intention to create a Sovereign Wealth Fund has earned the APNU+AFC administration much praise, there remains concern by some that the nation is yet to know what will be the specific features of the Fund.
Hoping to bring some clarity to the matter recently was Natural Resources Minister, Raphael Trotman. He told Kaieteur News that the Fund will have several features, one of which will be for budget stabilization.

“One must first understand that the Sovereign Wealth Fund is just a generic name. Most funds of this kind have several features which ours will have as well. However, the main characteristic of this Fund is to save money for the future generation which would be garnered from our oil wealth.”      Continue reading

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