Public savings in Africa: Do sovereign wealth funds serve development?

Tony Addison and Amir Lebdioui

No wp-2022-159, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Do sovereign wealth funds (SWFs) contribute to Africa's development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization funds are often necessary, but entail considerable opportunity costs.

Keywords: Saving; Sovereign wealth funds; Fiscal policy; Development finance; Africa (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-afr and nep-fdg
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2022-159

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