Sovereign Fund of the Gabonese Republic

Gabon US$ 380 million
Established: 1998
Transparency Rating: n/a		 Origin: Oil
Firm Investment Style: n/a
Entity Structure: Fund

 

Summary
The country of Gabon has had a reserve account at the BEAC since 1998 called the fund for future generations In 2010, this fund was renamed the Fonds Souverain de la Republique Gabonaise (Sovereign Fund of the Gabonese Republic). This fund will be funded by 10% of oil revenue projected in the budget. In addition, it will also partake in 50% of revenue above budget assumptions.

Background
The oil sector now accounts for more than 50% of GDP although the industry is in decline as fields pass their peak production.

 Strategy & Objectives
TBA

Governance
It is managed by the Bank of Central African States (BEAC).

Go Back: HOME