Pula Fund

Republic of Botswana US$ 6.9 Billion Origin: Diamonds and Minerals

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 1994
Transparency Rating: 6
View Sovereign Fund Transaction Data
Related Articles
Firm Investment Style: Index
Entity Structure: Fund
Population Est.: 2.13 million – 2013
Wealth Per Capita Est.: $3,243

Fund Details

Strategy & Objectives

SWF Asset Allocation

Key Executives and People


Main Office
Bank of Botswana
17938, Khama Crescent
Gaborone
Botswana
Tel: +267 360 6000
Fax: +267 391 3890

Mailing Address
Private Bag 154
Gaborone
Botswana

Governance
The Bank of Botswana is solely responsible for reserves management activities.

Pula Fund

Summary
Botswana is an African country rich in diamonds and minerals. The Pula Fund which holds a long term investment portfolio was established under the Bank of Botswana Act in 1994 and it is part of the foreign exchange reserves. Its goal of preserving a portion of the income from diamond exports for future generations.

Background on Pula Fund
By creating a separate investment portfolio, it was possible to provide more appropriate, longer-term investment considerations in the guidelines for its management. Foreign exchange reserves that are in excess of what is expected to be needed in the medium term are transferred to the Pula Fund and invested according to these investment guidelines.