Mozambique has made significant strides in establishing a Sovereign Wealth Fund as a promise of sustainable management of natural gas profits. With $134.6 million already accumulated (from 2022 to August 2024) and oversight institutions in place, the Mozambique Sovereign Wealth Fund (MSWF) emerges as a symbol of hope for both current and future generations. But does this promise hold up under closer scrutiny?
Behind the numbers, troubling questions arise. How can the lack of transparency in reported revenues be justified? Why do the accumulated funds remain inactive, generating no financial returns, while the country faces severe fiscal challenges? This article explores the progress made and the underlying risks of the MSWF, inviting readers to ponder: Is Mozambique building a sustainable future or navigating murky waters of uncertainty?
