Annual Review of Operations
The Annual Report 2019 and the Audited Financial Statements for the period ending September
30, 2019 were presented to the Parliament in January 2020.

Deposits/Withdrawals to the Fund
There were no deposits, however, four (4) withdrawals were made from the Fund during the
2019/20 financial year. Under Section 15 of the Act (2007), US$79.9 million was drawn and under
Section 15A (1)(b) of the amended Act (2020), there were three (3) drawings which totalled
US$900 million.

Governance
The Board of Governors of the HSF met all legal and statutory requirements in the discharge of its
functions and maintained its governance oversight as required by law during the review period.
As prescribed by legislation, the Board held eight (8) Ordinary Meetings during the financial year
2019/20.