In April 2019 ZACCI appeared before parliament to propose a sovereign wealth fund. In July, it was accepted as a recommendation for the twelfth session of parliament.
Sovereign Wealth Funds (SWFs) are pools of assets owned and managed directly or indirectly by governments to achieve national objectives. Typically they are funded by foreign exchange reserves, royalties on the sale of natural resources, or general tax revenues. Aside from the obvious funding for socioeconomic objectives in the country this paper by Kampamba Shula aims to address the persistent problem of low reserves by proposing a sovereign wealth fund.
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