Guyana oil account earns $45B for 2023 first quarter- Report
Guyana’s Central Bank reported today via its first quarterly report for 2023 that the Natural Resource Fund (NRF) saw inflows amounting to G$45.7B (US$219.45...
Guyana is no longer a “Heavily Indebted Poor Country”
Summary
Contrary to a news article by a local media entity, Guyana is no longer a heavily indebted poor country as per the IMF and...
Guyana remains in lead for fastest growth rate in region – IMF
The International Monetary Fund (IMF) has reported that Guyana remains in the lead for achieving the highest economic growth in the region this year....
Phasing out future developments in the oil sector versus maintaining the momentum
Summary
Any attempt to gradually phase out new developments will cause the momentum in the industry to be disrupted at the expense of slowing down...
Chris Ram does not fully understand the foreign currency issue
Dear Editor,
Christopher Ram, in his quest for relevance from time to time, has once again failed to demonstrate a thorough understanding of the foreign...
There is no foreign currency shortage; some banks not willing to share supply –...
The Private Sector Commission (PSC) in association with the Guyana Association of Bankers Incorporated today held cordial discussions with the Governor of the Bank...
Guyana, IDB sign over US$200M in major agreements for transport infrastructure, health sectors
Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh and Ian Goldfajn, President of the Inter-American Development Bank...
Govt. cannot sacrifice macroeconomic stability to pander to a few businesses – Jagdeo
Recent calls by the Georgetown Chamber of Commerce and Industry (GCCI) for Bank of Guyana to address the apparent shortage of foreign currency in...
Govt. makes first $41.6B withdrawal this year from oil account
Senior Finance Minister Dr Ashni Singh announced on Thursday evening that government made its first drawdown this year from the Natural Resource Fund (NRF)...
Guyana’s oil account soars to $311B
Bank of Guyana recently disclosed that the closing balance for the nation’s National Resource Fund (NRF) at the end of January 2023 was a...
