Petroleum Revenue Funds - Part2
Sunday, 02 November 2008 , Written by « World Bank »   

 Creating and operating a petroleum revenue fund entails a large number of steps. If the fund is a separate legal entity, a legal framework for the fund needs to be established. Fund objectives, deposit and withdrawal rules, the structure of the agency or unit overseeing the fund, the investment strategy, performance benchmarks, appointment of fund managers, and mechanisms for independent audits, reporting, and dissemination of information will all need to be considered and established. This note, the second in a series of four, discusses various aspects of fund establishment and operation. 

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