President Irfaan Ali on Tuesday administered the oath of the Chairman and board members of the Natural Resources Fund (NRF), Chairman and members of the Public Accountability and Oversight Committee, and the Investment Committee.
Major General (ret’d) Joseph Singh has been appointed to serve as the Chairman of the Board of Directors for the NRF, while Professor Compton Bourne, Carolyn Rodrigues, Dunstan Barrow, and Ramesh Dookoo were sworn in as Directors.
President Ali, at the simple ceremony held at the Office of the President, said this board consists of members that bring together experience in different fields.
The Head of State said, “I believe that with these members of the board of directors of the NRF, we as a country should be very proud that within our population, we could find citizens of this stature who can now perform this responsibility.”
“As a Government, we want to assure you of our full support in ensuring that you can execute your mandate and you can perform your duties with ease, efficiency, and with the necessary impetus that is required to make your work efficient.”
In addition, Clement Sealey was sworn in as Chairperson of the Public Accountability and Oversight Committee. Other members, including Wendell Jeffrey, Abu Zaman, Ryan Alexander, Aslim Singh, Dawn Gardner, and Teni Housty, also took their oaths.
This Committee will have non-governmental oversight of the fund. Meanwhile, Shaleeza Shaw was sworn in as the Chairperson of the Investment Committee. Members of this Committee include Michael Munroe and Richard Rambarran, while a nominee from the Opposition Leader and another member will be appointed at a later date.
This Committee is responsible for advising the board of directors on its investment mandate. According to President Ali, Guyana’s natural resources management has been strengthened with these important boards and committees.
“We promised that in administering our responsibility to this sector, that we will have persons who demonstrate the capacity and capability to manage but more importantly that the government would have an arm’s length relationship and would have a group of people not political in nature.”
“We’re very pleased today that we have been able to fulfill this important responsibility, and the management of our oil and gas resources is now strengthened.”