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Reply to "Kazakh model for oil monies would be recipe for mischief -Tarron Khemraj"

@Mitwah posted:

Guyana’s share of the oil profits in the Federal Reserve Bank of New York does not constitute a NRF but the account is merely holding the oil revenues at almost zero percent yield.

"Zero percent yield"  does not make economic sense. How will the funds grow? Inflation will erode its real value.

Could the GNI economic guru, Dr. K Wood explain the economic sense of having this money sitting without growing it?

Kapa is no doctor bai. The rationale is badmindedness. That is it. Dem could easily work with the law that APNU+AFC set up and even make small changes. There is nothing that they will do that will be very different. They just don't want to do it.

FM
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