Call for clear rules on Pula Fund drawdown

Friday, January 24, 2014

There is an increasing need to formulate rules on the use and management of the country's reserves in the Pula Fund as revenues from diamonds gradually diminish, government has been advised.

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.

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Call for clear rules on Pula Fund drawdown

There is an increasing need to formulate rules on the use and management of the country's reserves in the Pula Fund as revenues from diamonds gradually diminish, government has been advised.

Ministry declares war on low productivity

Going back to church: Re entering the Amen Economy

Private investor injects P4m into UB hotel revival

Southern chicken necks

Senior Prisons officer faces drug, abuse of office charges

Pantsula Power: A call to action against social Ills

TAFIC activate survival mode with crucial Chiefs stalemate

Cameras watching: Drive safely or pay the price

Cameras watching: Drive safely or pay the price