DAR ES SALAAM, Oct. 6 -- Tanzania has a strong economic case for using a sovereign wealth fund (SWF) to convert part of its finite natural resource wealth into permanent financial wealth for future generations. This is particularly relevant as Tanzania develops its natural gas, mining and other extractive resources.
The key principle is:
‘Do not consume all of Tanzanias underground wealth today; convert part of it into financial, human and productive assets that can benefit Tanzanians for generations.
Tanzanias growing natural gas, mining and mineral wealth represents a one-time opportunity: Resources extracted today cannot be extracted again by future generations. A sovereign wealth fund converts finite, depleting resource wealth ...