$62B Transferred to Gov't Coffers as Second Withdrawal from Oil Fund for 2024

The Government of Guyana has made a significant financial move by transferring $62 billion from the Natural Resource Fund to the Consolidated Fund. This is part of a planned series of withdrawals approved for 2024, aiming to fund various developmental projects and governmental expenses. The strategic utilization of these funds is critical for sustaining long-term economic growth and ensuring the effective management of the country's natural resources.