This report is produced in accordance with section 38 (2) of the Natural Resource Fund Act 2019 which requires the Bank of Guyana to report on the performance and activities of the Natural Resource Fund (referred to hereinafter as the “Fund”).
This is the inaugural report of the Fund and covers the first quarter of the year 2020. All monetary references in this report have been reported in Guyana dollars (G$) and are presented in thousands (G$’000). Foreign currency transactions have been translated to G$ at the rate of exchange prevailing at the dates of the transactions. Rate of exchange at March 31, 2020 was GYD 208.50 = USD 1.