The Welwitschia Fund: Sovereign Wealth and the Politics of Permanent Revenue
$ 54.5
Description
As Namibia stands on the precipice of a transformative petroleum windfall from the historic Orange Basin discoveries, the state faces the classic macroeconomic paradox: will its resources prove to be a blessing or a curse? This book provides the definitive institutional analysis of the upcoming Sovereign Wealth Fund of Namibia Bill, evaluating its architecture through a rigorous comparative lens. By contrasting Namibia's framework with the statutory autonomy of Norway's Government Pension Fund Global, the central bank model of Botswana's Pula Fund, and the catastrophic institutional capture of Angola's FSDEA, this text unpacks the specific fiscal innovations unique to Namibia. Crucially, it explores the political economy behind the country's strict 30.5% GDP public revenue trigger and its rigid 2.5% statutory cap on domestic asset exposure. This volume is an indispensable resource for scholars of African political economy, public finance technocrats, and institutional designers seeking to secure intergenerational equity before the money arrives.