30.10.2015 - Norway and MoF plan natural resource fund
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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