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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Zimbabwe: Disagreements stall wealth fund

Posted on 19 November 2012

Disagreements over which ministry is to house the country’s Sovereign Wealth Fund (SWF), into which proceeds from natural resource rents such as royalties are to channeled, have stalled establishment and running of the fund, according to the Economic Planning and Development ministry.
Government’s medium term plan for the economy launched last year identified the need to establish the SWF to effectively manage natural resource rents such as royalties. However, the unity government, whose establishment was precipitated by hackling over which political party would hold which portfolio, is yet to come up with a decision as to under which ministry the SWF should be placed………………………………………..Full Article: Source


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