Family Office ClubEvents
Text or WhatsApp (Not an AI Bot):(808) 600-9260Tell me your situation

Natural Resource Fund (Guyana)

Guyana · Latin America and Caribbean · Founded 2019 · Savings and future generations fund · IFSWF associate member

Report a correction
Focus

Guyana: what it invests in

Cash and money markets

Geography Global

Scale

Guyana: how big it is, and on what basis

USD 4.29B
Fund market valueAs of

In US dollars: about USD 4.29B. Reported in US dollars.

Return since inception 2.687% a year

Transparency

Guyana: what it publishes

8.5 of 10 Band 5 of 5

Published 7 · Partly 3 · Not published 0

Our 10 item score. It measures what is public, not how well a fund is run.

Fund valueS1
USD 4.29B (30 June 2026)
As of
Inflows, Q2 2026S1
USD 1.24B
As of
Transferred to budget, Q2 2026S1
USD 620M
As of
Approved withdrawals, 2026S6
USD 2.37B
As of
Return since inceptionS1
2.687% a year
As of
Where it is heldS1
Overnight deposit (Federal Reserve Bank of New York)
As of
Transparency scoreS1
8.5 of 10
As of

At a glance. Guyana's Natural Resource Fund collects the state's oil royalties and profit oil and releases money to the budget under a statutory rule. It held USD 4.29 billion at 30 June 2026. The Bank of Guyana runs it day to day, and all assets currently sit in an overnight US dollar deposit at the Federal Reserve Bank of New York. S1

Key points

  • Market value USD 4,294.24 million at 30 June 2026, up from USD 3,434.53 million at end 2025. S1 S5
  • Second-quarter 2026 inflows of USD 1,235.23 million, roughly double a year earlier. S1
  • Parliament approved USD 2.374 billion of withdrawals for 2026. S6
  • Petroleum deposits projected at USD 6.50 billion for 2026. S7
  • Returned 0.886 percent in the second quarter and 2.687 percent a year since inception. S1
  • Reports monthly and quarterly; an annual report goes to Parliament. S8

Interesting facts

  • The first oil payment, about USD 54.9 million, came from a lift in February 2020. S9
  • Cumulative inflows have reached GYD 2.19 trillion. S1
  • A nine-member public oversight committee reviews the fund alongside its board. S8

Mandate and goals

The 2021 Act tasks the fund with smoothing public spending, protecting competitiveness, sharing oil wealth fairly across generations and financing national development, including a green economy. S4

  • Avoid volatile public spending from volatile oil revenue. S4
  • Avoid loss of economic competitiveness. S4
  • Transfer resource wealth fairly between generations. S4
  • Fund national development priorities, including an inclusive green economy. S4
  • Spending rule: Withdrawals capped by a formula in the Act, advised by a Macroeconomic Committee; USD 2.374 billion approved for 2026 S4 S6

How it invests

Industries. Sector agnostic S1
Asset classesCash and money markets S1
StagesNot published S1
GeographyGlobal. Held at the Federal Reserve Bank of New York S1
Direct / through funds / co-investYes / No / No S1
Managed in house100 percent S1
Ticket sizeNot applicable; the fund makes no investments beyond a deposit. S1
External managersAllowed by law through competitive procurement; none reported S4 S1
Co-investment programmeNone S1

Asset mix: US dollar overnight deposit 100% (as of 2026-06-30) S1

Published criteria

  • Very safe stream limited to eligible bank deposits and treasury bills. S4
  • Long-term savings stream allowed in eligible asset classes with floors and ceilings, managed passively. S4

Past investments

The fund has not published a list of investments.

Case studies

Oil money into the budget by rule S1 S6

  • What: Petroleum revenue flows into the fund and moves to the Consolidated Fund within a legal cap.
  • When: 2022 onward
  • Size: USD 2.374B approved for 2026
  • Why: To avoid boom and bust spending as oil output climbs.
  • Outcome: USD 1.02B withdrawn in the first half of 2026 while the balance still rose to USD 4.29B.

Investment process

The Ministry of Finance sets an investment mandate for the Bank of Guyana on advice of an Investment Committee. A board chaired by Joseph Singh oversees the fund and a public oversight committee reports to Parliament. S4 S8

CommitteeRole
Board of DirectorsFive members chaired by Major General (retired) Joseph Singh S8
Investment CommitteeAdvises the Minister on the investment mandate S4
Macroeconomic CommitteeAdvises on the maximum yearly withdrawal S4
Public Accountability and Oversight CommitteeNine members chaired by Clement Sealey S8

How to approach: The fund takes no outside investment proposals; the Bank of Guyana is the operational contact. S4

Size and returns

  • Headline size: USD 4.29B (Fund market value, as of 2026-06-30) S1
  • In US dollars: about USD 4.29B. Reported in US dollars.
  • In Guyana dollars: GYD 895.3B (Fund market value, as of 2026-06-30) S1
  • Return, Q2 2026: 0.886 percent (Quarter; year to date 1.771 percent) S1
  • Return, Since inception: 2.687 percent a year S1
  • Size over time (USD billion): 2024-12 3.246, 2025-06 3.192, 2025-12 3.435, 2026-03 3.643, 2026-06 4.294 S1 S5

Leadership

NameTitle
Joseph SinghChairperson, Board of Directors S8
Dunstan BarrowBoard member (National Assembly nominee) S8
Ramesh DookhooBoard member (private sector) S8
Carolyn Rodrigues-BirkettBoard member S8
Compton BourneBoard member S8
Ashni SinghSenior Minister with responsibility for Finance S8

Governance and transparency

  • Legal basis: Natural Resource Fund Act 2021 (Act No. 19 of 2021) S2
  • Oversight: Ministry of Finance, board, and Public Accountability and Oversight Committee; annual report to the National Assembly S8
  • Auditor: Bank of Guyana Internal Audit Department reviews quarterly figures S1
  • Receipts are notified in the Official Gazette. S8
  • Board approved keeping the deposit mandate on 27 March 2026. S1

Transparency score: 8.5 of 10 (band 5 of 5). Our own 10-item rubric; see the methodology page.

  • Published: total assets, annual return, long-term returns, asset allocation, governance and mandate documents, named leadership, regular reporting schedule. S1 S2 S8 S10
  • Partly published: geographic or sector split, holdings or deal list, audited financial statements. S1

History

DateEvent
2019-01Natural Resource Fund Act 2019 passed. S1
2020-02First oil lift payment received. S9
2021-12-30Natural Resource Fund Act 2021 replaced the 2019 law. S2
2024-08-31Board re-appointed. S8
2026-03-27Deposit mandate renewed by the board. S1
2026-07-272025 annual report presented to Parliament. S8

For family offices

The fund has no co-investment or private capital programme; it holds only a cash deposit. S1

Reports

Common questions

How big is the Natural Resource Fund?

USD 4,294.24 million at 30 June 2026. S1

Where is the money invested?

In an overnight US dollar deposit at the Federal Reserve Bank of New York. S1

How much can the government withdraw in 2026?

Parliament approved USD 2.374 billion. S6

Is it an IFSWF member?

Yes, an associate member. S3

All sovereign wealth funds in Latin America and Caribbean · All savings and future generations funds · All funds in Guyana

Sources

  1. S1Bank of Guyana, NRF quarterly report, April to June 2026
  2. S2Parliament of Guyana, Natural Resource Fund Act 2021 (No. 19 of 2021)
  3. S3IFSWF, associate members list
  4. S4IFSWF, member profile: Natural Resource Fund
  5. S5Bank of Guyana, NRF quarterly report, October to December 2025
  6. S6DPI Guyana, NRF receipts for 2026 tabled in Parliament
  7. S7DPI Guyana, oil exports surpass USD 15B in first half of 2026
  8. S8DPI Guyana, NRF annual report 2025 presented to Parliament
  9. S9Guyana Times, use of oil funds begins (17 January 2022)
  10. S10Bank of Guyana, NRF quarterly reports page

Disclaimer

Informational only. SovereignWealthFunds.com is an independent public-source reference. It is not affiliated with or endorsed by any fund named on it, and it is not investment, legal or tax advice. Figures are as of the dates shown next to them and may have changed; please read each fund's official pages, linked on its profile. To report an error, use the contact page. Copyright SovereignWealthFunds.com. All rights reserved.

Richard C. Wilson

Talk to a human.

I'm Richard C. Wilson, founder of Family Office Club. I read the messages that come in through this site myself. Text or WhatsApp me at (808) 600-9260, or email Richard@SovereignWealthFunds.com. Thank you.

Tell me your situation