Gov’t withdraws US$300M from Natural Resource Fund in 3rd transfer for 2024

The Government of Guyana on Wednesday announced its third withdrawal for the year from the Natural Resource Fund (NRF), amounting to US$300 million. This withdrawal was made pursuant to the Natural Resource Fund (NRF) Act 2021, as amended by the Fiscal Enactments (Amendment) Act 2024, following parliamentary approval.

According to a statement from the Ministry of Finance, the total parliamentary approval for withdrawals from the NRF in 2024 amounts to US$1,586,150,331 (approximately G$329,885,563,088). The recent transfer of US$300 million (G$62.394 billion) to the Consolidated Fund occurred on July 22, 2024.

This latest withdrawal brings the total withdrawals for the year 2024 to US$850 million (approximately G$176.782 billion), out of the approved total of US$1.586 billion (approximately G$329.9 billion).