Dear Editor,
The National Assembly of Guyana should move swiftly in finalizing the Natural Resource Fund (NRF 2019) Act in order for it to become operationalized. Furthermore, since Guyana’s oil and gas industry sector is such a lucrative market attracting investors from all walks of life to this destination and, the country is poised to become one of the richest countries per head in the world, I would strongly recommend that a permanent social welfare fund (PSWF) be incorporated into the Act. Under this fund, Guyanese of local residency in the near future can start benefiting from an annual dividend payment.
Of note, the Alaskan model can be studied for establishing a PSWF. (http://w3.legis.state.ak.us/docs/pdf/handbook.pdf)
Sincerely yours,
Paul Ramrattan
