| In line with the Zimbabwe Agenda for Sustainable Socio-Economic Transformation blue print (Zim-Asset), the Zimbabwean Government recently gazetted the Sovereign Wealth Fund Bill that seeks to establish a fund whose noble objective is to reserve income from the country’s mineral resources for the benefit of future generations.
There is no broad accepted definition of what a Sovereign Wealth Fund (SWF) is. However, many Government funds fall under the category. SWFs are most common in resource-rich countries and usually serve two purposes. The first use of SWFs is for stability of Government revenue during periods of fluctuations in commodity prices...............................................Full Article: Source
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