The recent revelations that Minister of Foreign Affairs, Carl Greenidge, met with Merrill Lynch, who is likely interested in the investment feature of Guyana’s Natural Resource Fund has exposed some fundamental flaws.
This view was shared by Auditor and Financial consultant, Nigel Hinds, who said that the Government’s approach is the ‘minus 101 manner of conducting negotiations’.
“We seem to have multiple Ministers and Agencies involved in a plethora of oil issues on behalf of the Government of Guyana; this allows for convoluted and bewildering pronouncements for those representing the oil sector in Guyana, or those purporting to be doing so,” Hinds stated.
Officials of the company met separately with Minister of Foreign Affairs, Carl Greenidge and Central Bank Governor, Dr. Gobind Ganga.
Greenidge said that Merrill Lynch requested the meeting, because they may have an interest not only from a wealth management perspective, but as a merchant bank willing to lend money for infrastructure development.
Nigel Hinds
October 26th, 2018