Before the end of next year, government hopes to lay legislation in the National Assembly to set up a sovereign wealth fund, Minister of Governance Raphael Trotman has said.
“Government envisions that before the end of 2016, model legislation will be laid in the National Assembly for scrutiny and debate and…nationwide consultations will (ensue) before, and during, the process of finalizing this policy through necessary legislation,” he told a workshop focused on the establishment of a Sovereign Wealth Fund (SWF) for Guyana.
The event was held at the Arthur Chung Convention Centre and concluded on Wednesday. The objectives of the workshop were to introduce policymakers to the existing models of wealth funds, to share experiences, both good and bad, and to prepare stakeholders to commence the process for planning for the expected wealth.
Trotman told the gathering that the APNU+AFC government has embarked on a process of resource management that seeks to recalibrate the country’s
