Call for clear rules on Pula Fund drawdown
Friday, January 24, 2014

The Fund, which stands at P48 billion, is a sovereign wealth reserve comprising both national savings built from historical budget surpluses and mineral revenues as well as foreign reserves in excess of the country's medium-term requirements.
A report by the Organisation for Economic Co-operation and Development (OECD), titled: ‘Export Restrictions On Raw Materials: Botswana Experience’ says the fund needs transparent and clear rules.
We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...