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Sovereign Wealth Funds Briefing - Categorized | Market

Troika to look at Cyprus gas sovereign wealth fund

Posted on 04 November 2013

One of the tasks of the troika of international lenders this week will be to look at the government’s plans for the natural gas sovereign wealth fund, as the establishment of a “resource fund” was one of the pledges of the Memorandum of Understanding (MoU) agreed by all parties.
A key motive behind forcing the government to include this as part of the troika programme is what is known as the “resource curse”. At best, the resource curse pushes investment, education and government resources into one sector at the expense of others. At worst, it leads to military conflict: think Angola, Nigeria and Sudan, to name a few………………………………Full Article: Source


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