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

Norway and MoF plan natural resource fund

Posted on 30 October 2015

Norwegian experts suggested the idea several months ago and have since been collecting data, deputy finance minister U Maung Maung Thein told The Myanmar Times. Meanwhile, the finance ministry has formed a committee, he said.
A natural resource fund is a type of sovereign wealth fund – a special-purpose investment vehicle owned by a government, and financed by revenues from oil, gas or mineral sales. The money can be used in a number of ways including covering unexpected budget deficits, ring-fencing resource revenues or saving for future generations, according to non-profit Natural Resource Governance Institute (NRGI)………………………………………..Full Article: Source


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