{"id":10272,"date":"2023-03-22T11:18:56","date_gmt":"2023-03-22T09:18:56","guid":{"rendered":"https:\/\/www.cipmoz.org\/?p=10272"},"modified":"2023-03-24T11:21:43","modified_gmt":"2023-03-24T09:21:43","slug":"the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives","status":"publish","type":"post","link":"https:\/\/www.cipmoz.org\/en\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/","title":{"rendered":"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES"},"content":{"rendered":"

After several public debates on the need to establish a mechanism to manage the revenue from the exploration of natural resources in Mozambique, in January 2023, the Government finally submitted for approval by Parliament, the Draft Lawl that creates the Sovereign Wealth Fund of Mozambique (SFM), a bank account domiciled at the Central Bank of Mozambique.<\/p>\n

To be established with the aim of leveraging socio-economic development, budget stabilization and savings for future generations, the aforementioned draft law submitted to Parliament, in CIP\u2019s opinion, still has many weaknesses. The weaknesses extend from the definition, the scope, the mechanism for access to the fund to the transparency of its management.<\/p>\n

Given the above scenario, there is a need to review the draft law to ensure it can reflect the proposed objectives as well as to make sure that it is aligned with the principles of good governance.<\/p>\n

Read the full text<\/a><\/p>","protected":false},"excerpt":{"rendered":"

After several public debates on the need to establish a mechanism to manage the revenue from the exploration of natural resources in Mozambique, in January 2023, the Government finally submitted for approval by Parliament, the Draft Lawl that creates the Sovereign Wealth Fund of Mozambique (SFM), a bank account domiciled at the Central Bank of<\/p>","protected":false},"author":18,"featured_media":14117,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_rtcl_gb_attr":"","footnotes":""},"categories":[19],"tags":[],"coauthors":[64],"class_list":["post-10272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industria-extractiva"],"yoast_head":"\nTHE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES - CIP - Centro de Integridade P\u00fablica<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cipmoz.org\/en\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES - CIP - Centro de Integridade P\u00fablica\" \/>\n<meta property=\"og:description\" content=\"After several public debates on the need to establish a mechanism to manage the revenue from the exploration of natural resources in Mozambique, in January 2023, the Government finally submitted for approval by Parliament, the Draft Lawl that creates the Sovereign Wealth Fund of Mozambique (SFM), a bank account domiciled at the Central Bank of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cipmoz.org\/en\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/\" \/>\n<meta property=\"og:site_name\" content=\"CIP - Centro de Integridade P\u00fablica\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/CIP.Mozambique\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-22T09:18:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-24T09:21:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2023\/06\/industria_extrativa1232.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"631\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"CIP Centro de integridade Publica\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CIPMoz\" \/>\n<meta name=\"twitter:site\" content=\"@CIPMoz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CIP Centro de integridade Publica\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/\"},\"author\":{\"name\":\"CIP Centro de integridade Publica\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/#\\\/schema\\\/person\\\/c53d8d005fb6fbfa55503cd13321dab0\"},\"headline\":\"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES\",\"datePublished\":\"2023-03-22T09:18:56+00:00\",\"dateModified\":\"2023-03-24T09:21:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/\"},\"wordCount\":168,\"image\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.cipmoz.org\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/extrativa-industria.jpg\",\"articleSection\":[\"Ind\u00fastria extractiva\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/\",\"url\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/\",\"name\":\"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES - CIP - Centro de Integridade P\u00fablica\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.cipmoz.org\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/extrativa-industria.jpg\",\"datePublished\":\"2023-03-22T09:18:56+00:00\",\"dateModified\":\"2023-03-24T09:21:43+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/#\\\/schema\\\/person\\\/c53d8d005fb6fbfa55503cd13321dab0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.cipmoz.org\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/extrativa-industria.jpg\",\"contentUrl\":\"https:\\\/\\\/www.cipmoz.org\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/extrativa-industria.jpg\",\"width\":947,\"height\":357},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/2023\\\/03\\\/22\\\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\\\/\\\/www.cipmoz.org\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/#website\",\"url\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/\",\"name\":\"CIP - Centro de Integridade P\u00fablica\",\"description\":\"Promo\u00e7\u00e3o da Transpar\u00eancia, Anti-corrup\u00e7\u00e3o e Integridade em Mo\u00e7ambique.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.cipmoz.org\\\/pt\\\/#\\\/schema\\\/person\\\/c53d8d005fb6fbfa55503cd13321dab0\",\"name\":\"CIP Centro de integridade Publica\",\"sameAs\":[\"http:\\\/\\\/cipmoz.org\"],\"url\":\"https:\\\/\\\/www.cipmoz.org\\\/en\\\/author\\\/ci3plmqz2in735293sf\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES - CIP - Centro de Integridade P\u00fablica","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cipmoz.org\/en\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/","og_locale":"en_US","og_type":"article","og_title":"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES - CIP - Centro de Integridade P\u00fablica","og_description":"After several public debates on the need to establish a mechanism to manage the revenue from the exploration of natural resources in Mozambique, in January 2023, the Government finally submitted for approval by Parliament, the Draft Lawl that creates the Sovereign Wealth Fund of Mozambique (SFM), a bank account domiciled at the Central Bank of","og_url":"https:\/\/www.cipmoz.org\/en\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/","og_site_name":"CIP - Centro de Integridade P\u00fablica","article_publisher":"https:\/\/web.facebook.com\/CIP.Mozambique\/","article_published_time":"2023-03-22T09:18:56+00:00","article_modified_time":"2023-03-24T09:21:43+00:00","og_image":[{"width":1100,"height":631,"url":"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2023\/06\/industria_extrativa1232.jpg","type":"image\/jpeg"}],"author":"CIP Centro de integridade Publica","twitter_card":"summary_large_image","twitter_creator":"@CIPMoz","twitter_site":"@CIPMoz","twitter_misc":{"Written by":"CIP Centro de integridade Publica","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#article","isPartOf":{"@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/"},"author":{"name":"CIP Centro de integridade Publica","@id":"https:\/\/www.cipmoz.org\/pt\/#\/schema\/person\/c53d8d005fb6fbfa55503cd13321dab0"},"headline":"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES","datePublished":"2023-03-22T09:18:56+00:00","dateModified":"2023-03-24T09:21:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/"},"wordCount":168,"image":{"@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2026\/07\/extrativa-industria.jpg","articleSection":["Ind\u00fastria extractiva"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/","url":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/","name":"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES - CIP - Centro de Integridade P\u00fablica","isPartOf":{"@id":"https:\/\/www.cipmoz.org\/pt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#primaryimage"},"image":{"@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2026\/07\/extrativa-industria.jpg","datePublished":"2023-03-22T09:18:56+00:00","dateModified":"2023-03-24T09:21:43+00:00","author":{"@id":"https:\/\/www.cipmoz.org\/pt\/#\/schema\/person\/c53d8d005fb6fbfa55503cd13321dab0"},"breadcrumb":{"@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#primaryimage","url":"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2026\/07\/extrativa-industria.jpg","contentUrl":"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2026\/07\/extrativa-industria.jpg","width":947,"height":357},{"@type":"BreadcrumbList","@id":"https:\/\/www.cipmoz.org\/2023\/03\/22\/the-draft-law-on-the-sovereign-wealth-fund-presented-by-the-government-is-dysfunctional-to-meet-the-proposed-objectives\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/www.cipmoz.org\/"},{"@type":"ListItem","position":2,"name":"THE DRAFT LAW ON THE SOVEREIGN WEALTH FUND PRESENTED BY THE GOVERNMENT IS DYSFUNCTIONAL TO MEET THE PROPOSED OBJECTIVES"}]},{"@type":"WebSite","@id":"https:\/\/www.cipmoz.org\/pt\/#website","url":"https:\/\/www.cipmoz.org\/pt\/","name":"CIP - Public Integrity Center","description":"Promotion of Transparency, Anti-corruption and Integrity in Mozambique.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cipmoz.org\/pt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.cipmoz.org\/pt\/#\/schema\/person\/c53d8d005fb6fbfa55503cd13321dab0","name":"CIP Public integrity center","sameAs":["http:\/\/cipmoz.org"],"url":"https:\/\/www.cipmoz.org\/en\/author\/ci3plmqz2in735293sf\/"}]}},"amp_enabled":true,"jetpack_featured_media_url":"https:\/\/www.cipmoz.org\/wp-content\/uploads\/2026\/07\/extrativa-industria.jpg","_links":{"self":[{"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/posts\/10272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/comments?post=10272"}],"version-history":[{"count":1,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/posts\/10272\/revisions"}],"predecessor-version":[{"id":10274,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/posts\/10272\/revisions\/10274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/media\/14117"}],"wp:attachment":[{"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/media?parent=10272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/categories?post=10272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/tags?post=10272"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.cipmoz.org\/en\/wp-json\/wp\/v2\/coauthors?post=10272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}