Today’s column attempts to draw lessons from global experiences with Sovereign Wealth Funds (SWFs), operating in the oil and natural gas sector. This effort is intended to aid my ongoing examination of Guyana’s impending development of a robust oil and natural gas sector. Today, such SWFs constitute an important subset of SWFs found in the natural resources sector; with the natural resources sector’s SWFs, in turn, comprising one element in a wide variety of SWFs. The lessons are presented below in no intended order of ranking.
While as indicated last week, SWFs are multi-dimensional in character, in my view the hydrocarbons-based SWFs can be reduced to two essential dimensions. One dimension refers to economic matters, or more explicitly, the interplay between
