#Namibia #plans #sovereign #wealth #fund
Namibian finance minister Iipumbu Shiimi said that the country’s government would establish a sovereign wealth fund by the end of 2021.
The minister – who was central bank governor from 2010 to 2020 – said Namibia would direct its mining and renewable energy earnings to the fund, as well as the proceeds from state asset sales and fishing quotas. Bloomberg reported the comments, citing an October 25 interview Shiimi gave to the Namibian Broadcasting Corporation.
According to the CIA World
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Sovereign Wealth – centralbanking.com
Source link