On the new Kenyan sovereign wealth fund

Greg Bremner

Research output: Working paperDiscussion paper

46 Downloads (Pure)

Abstract

Sovereign wealth funds (SWFs) have been established in several countries to manage the revenues arising from exhaustible natural resources. SWFs allow consumption to be spread between generations, and between periods of high and low natural resource prices. In this paper the arguments for and against establishing an SWF in Kenya are considered. A first section considers the argument that Kenya is too poor to allocate oil revenues to such a fund. A second section discusses the principles underlying such a fund. A final section concludes by considering the steps that are being taken to establish a Kenyan SWF.
Original languageEnglish
Number of pages12
Publication statusPublished - Oct 2016

Fingerprint

Sovereign wealth funds
Kenya
Natural resources
Revenue
Oil

Cite this

@techreport{74755f64e3e24c65ade9792f20cd798f,
title = "On the new Kenyan sovereign wealth fund",
abstract = "Sovereign wealth funds (SWFs) have been established in several countries to manage the revenues arising from exhaustible natural resources. SWFs allow consumption to be spread between generations, and between periods of high and low natural resource prices. In this paper the arguments for and against establishing an SWF in Kenya are considered. A first section considers the argument that Kenya is too poor to allocate oil revenues to such a fund. A second section discusses the principles underlying such a fund. A final section concludes by considering the steps that are being taken to establish a Kenyan SWF.",
author = "Greg Bremner",
year = "2016",
month = "10",
language = "English",
type = "WorkingPaper",

}

On the new Kenyan sovereign wealth fund. / Bremner, Greg.

2016.

Research output: Working paperDiscussion paper

TY - UNPB

T1 - On the new Kenyan sovereign wealth fund

AU - Bremner, Greg

PY - 2016/10

Y1 - 2016/10

N2 - Sovereign wealth funds (SWFs) have been established in several countries to manage the revenues arising from exhaustible natural resources. SWFs allow consumption to be spread between generations, and between periods of high and low natural resource prices. In this paper the arguments for and against establishing an SWF in Kenya are considered. A first section considers the argument that Kenya is too poor to allocate oil revenues to such a fund. A second section discusses the principles underlying such a fund. A final section concludes by considering the steps that are being taken to establish a Kenyan SWF.

AB - Sovereign wealth funds (SWFs) have been established in several countries to manage the revenues arising from exhaustible natural resources. SWFs allow consumption to be spread between generations, and between periods of high and low natural resource prices. In this paper the arguments for and against establishing an SWF in Kenya are considered. A first section considers the argument that Kenya is too poor to allocate oil revenues to such a fund. A second section discusses the principles underlying such a fund. A final section concludes by considering the steps that are being taken to establish a Kenyan SWF.

M3 - Discussion paper

BT - On the new Kenyan sovereign wealth fund

ER -