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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Zimbabwe: ‘Nation needs wealth fund’

Posted on 10 December 2012

Zimbabwe needs a Sovereign Wealth Fund more than anything else using its vast minerals. “This SWF will be among other things be responsible for financing infrastructure backlog which needs close to US$14 billion, retiring the national debt which is hovering around US$10,6 billion, budgetary support, provide concessionary loans to industry, address balance of payments problems, provide funding to the informal sector and critical social programmes.
“It is enlightening to see that the Minister of Youth Development, Indigenisation and Empowerment has set up the National Indigenisation Economic Empowerment Fund which is earmarked to support economic empowerment programmes which will definitely spur economic growth.”……………………………………….Full Article: Source

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