The David Granger administration hopes that the proposed Sovereign Wealth Fund (SWF) will be managed by a hybrid of government and private individuals, according to Minister of Governance Raphael Trotman.
“It is a well-known phenomenon that where governments are too involved in managing funds, they don’t always function at an optimum level especially if these are funds to be invested. It is best when funds are managed partially between government and private sector professionals. Some countries even have funds managed out of the country,” he said.
Trotman, who has oversight of the natural resources sector, appeared before the Parliamentary Sectoral Committee on Natural Resources yesterday and provided an overview of government’s proposed policy agenda in the area of natural resources development.
Asked by committee chairman Odinga Lumumba to define and explain the scope of the proposed SWF,
