| Tanzania is on course to establish a Sovereign Wealth Fund to manage proceeds from oil and gas finds, but experts caution that to reap maximum benefits from its resources, the country must have in place effective mechanisms to foster good governance and transparency.
The caution comes amid recent findings by the New York -based Revenue Watch Institute (RWI) and the Vale Columbia Centre on Sustainable International Investment (VCC), revealing that vast sums of money made from the extraction of oil, gas, and minerals--much of it in resource-rich countries where most citizens are nonetheless impoverished--are poorly managed and off limits from the oversight of civil society and the media.........................................Full Article: Source
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