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Private sector proposes “non-political” Sovereign Wealth Fund; Budget Director allays fears of politicized mechanism

A Guyana Manufacturing and Services Association (GMSA)- organised forum on the proposed Sovereign Wealth Fund (SWF) on Thursday heard strong recommendations for the creation of a “non-political” legal entity to manage oil and other revenues, but Ministry of Finance Budget Director, Sonya Roopnauth says government’s model guarantees the involvement of highly qualified experts. “It is …