Tuesday, May 28, 2024

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GUYANA – OIL WEALTH ATTACKED

ECONOMYGUYANA - OIL WEALTH ATTACKED

Living up to its emblazoned reputation of rapers of the Treasury, Irfaan Ali’s Government hatches a key to open the Sovereign Wealth Fund Lock.

The results will be measured in the fall in employment, the rise in poverty and the continued socioeconmic despair that is the Flagship of PPP governance.

Wherever there is oil in Third World countries, covetous leaders study and plot how to help themselves from their nation’s oil revenues fund. In Guyana, this is called the Natural Resources Fund (NRF), and leaders in the PPP Government have long eyed it, and now they are acting upon the greediness that they cannot resist. This is what today’s leaders have come up with in proposals aimed at amending existing natural resources legislation. Like nearly everything the PPP Government brings in the open, there is some nice ring to what is proposed. There are also worrying gaps, in the possible avenues that could be explored to cheat Guyanese some more.

See More: https://www.kaieteurnewsonline.com/2021/12/22/oil-money-ppp-govt-comes-up-with-the-tricky/

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