The Ministry of Finance and the Bank of Guyana (BoG) yesterday signed a pact which brings closer the operationalisation of the Natural Resource Fund, which is to receive oil revenues, a move hailed by government as demonstrative of its transparency in the management of the oil and gas sector.
“Because it is one more piece of evidence as we bring transparency and accountability to the people,” Minister of Finance Winston Jordan yesterday told reporters at the signing of the Memorandum of Understanding (MoU) at his ministry’s Main Street office.
“This MoU will clear any doubts. Everything is right in here,” he added, holding up the document which he said will be accessible on both the BoG and Ministry of Finance’s websites. The minister pointed to a statement which, he said, explains the processes and reason behind government’s decision.
