The approval of the law creating the Sovereign Wealth Fund (SWF) and the respective regulations became a fact when Mozambique joined the group of countries with a Sovereign Wealth Fund based on oil and gas revenues. Therefore, the steps to be taken must focus on good governance, transparency, accountability, and the efficient use of the resources earmarked from the SWF. Civil society has an important role to play in raising awareness among policy makers and public managers focusing on the need to put national interests first, to improving the quality of life of the population in Mozambique.

For its part, the government must improve communication with the private sector, civil society and the population about what the Sovereign Wealth Fund really is and what can be expected from it, on the assumption that a better-informed society will be able to reduce social conflicts and promote social stability, which is important for preserving the capital accumulated from investing the resources of the Mozambique SWF and other revenues.This text presents a summary of the conference on the Sovereign Wealth Fund organized by N’weti and the Movimento Cívico para o Fundo Soberano em Moçambique (Civic Movement for the Sovereign Fund in Mozambique). The event aimed to create a space for reflection and debate on the risks, challenges and opportunities associated with the SWF model, using the experiences of various countries, especially Namibia, as a reference. In addition, the conference offered an opportunity for the entities responsible for managing Mozambique’s Sovereign Wealth Fund, such as the Ministry of Economy and Finance, the Bank of Mozambique, the Administrative Court and the Assembly of the Republic, to share the actions that are being implemented to ensure the effective and efficient functioning of the Fund. Read more...