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Natural Resource Fund Act

This document is part of the source library for NRGI's 2021 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Sector Oil and Gas
Country Guyana
Year
RGI Edition Year 2021
Topic Legislation and regulation, Open data, Revenue management, Sovereign wealth funds, State-owned enterprises, Tax policy and revenue collection
Document Type PDF
RGI Sub-component
RGI Questions 1.2.6a: Is the government required to make all payments to the national treasury or deposit them into a national resource account, aside from amounts legally retained by SOEs?,
2.1.2a: Does the country have a numerical fiscal rule?,
2.3a: Does the country have a natural resource fund which is funded by extractive resource revenues?,
2.3.1a: Are there numeric rules governing the size of withdrawals from the sovereign wealth fund?,
2.3.1b: Do rules require that withdrawals and spending from the sovereign wealth fund pass through the national budget?,
2.3.1c: Are there numeric rules governing the size of deposits into the sovereign wealth fund?,
2.3.3a: Is the sovereign wealth fund prohibited from investing in domestic assets without budgetary approval?,
2.3.3b: Is the sovereign wealth fund prohibited from investing in certain asset classes or investment types?,
2.3.5a: Is the sovereign wealth fund required to produce annual financial reports?,
2.3.5b: Is the sovereign wealth fund required to publicly disclose these annual financial reports?,
2.3.5c: Do rules require an external body to periodically audit the sovereign wealth fund's annual financial reports?,
2.3.5d: Is the legislature required to review the sovereign wealth fund's annual financial reports?,
5.10a: What does the sovereign wealth fund self-report as its assets under management?,
5.11a: Do rules require that funds transferred to/from the sovereign wealth fund are transferred via the government's general unified account (e.g. treasury account)?,
5.12a: Does the sovereign wealth fund publicly disclose its governance structure?,
5.12b: Does the sovereign wealth fund publicly disclose its corporate structure?
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Are the RGI questions here tagged with law and/or practice Law
Publisher
Author
Source or API link https://finance.gov.gy/publications/guyana-natural-resources-fund-bill-2018-2/
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute