ESTABLISHMENT OF GUYANA’S SOVEREIGN WEALTH FUND

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Given that Guyana has new found wealth, the country has to be wary of those that will come to make a quick dollar at the expense of the country. This is caution that the Opposition Leader is throwing out. More in this report.

Foreign Affairs Carl Greenidge had stated that officials of Merrill Lynch Wealth Management held talks with the Governor of the Central Bank of Guyana. Those talks were premised on a willingness to offer expertise in the setting up Guyana’s Sovereign Wealth Fund. However, Opposition Leader, Bharrat Jagdeo feels caution must be exercised at this time. Guyana has to learn to siege those people through Jagdeo added.

The Opposition Leader noted that caution must also be taken against the backdrop of what is taken placing in the Banking sector.The Bank of Baroda is looking to whine up its operations and Republic Bank is set for a takeover of Scotia Bank operations, not only in Guyana but across the region.

Merrill Lynch. Merrill Lynch is one of the largest wealth management businesses in the world. Within recent years, the company has had some bad publicity of its own.

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