Establishing a Sovereign Wealth Fund in Mozambique
Mozambique is in the process of establishing a Sovereign Wealth Fund as a mechanism for managing the revenues from the exploitation of the country's extractive resources. Despite the uncertainties surrounding the onshore projects in the Rovuma Basin as a result of the terrorist attacks in Cabo Delgado, the debate on the establishment of the Sovereign Wealth Fund remains pertinent as several extractive projects are still under development in the country.
The Bank of Mozambique proposes the creation of a Sovereign Wealth Fund with two objectives: saving for future generations and fiscal stabilization, and suggests that 50% of the revenues be allocated to public investment in priority sectors through the State Budget.
With this video FMO Mais seeks to contribute to increasing knowledge about what a sovereign wealth fund is.