Bank of Guyana to manage new sovereign wealth fund

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The Bank of Guyana and the country’s finance ministry have signed an agreement setting out the central bank’s operational role in Guyana’s first sovereign wealth fund.

On December 11, finance minister Winston Jordan and central bank governor Gobind Ganga ratified sections 11 and 12 of the Natural Resource Fund (NRF) Act, passed by parliament earlier this year.

Under the agreement, the Bank of Guyana will be responsible for the day-to-day operations of the sovereign wealth fund, while the

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