What is 'National Fund For Hydrocarbon Reserves (Mauritania)'

A sovereign wealth fund administered by the Banque Centrale de Mauritanie, the central bank of Mauritania. The National Fund for Hydrocarbon Reserves is funded by revenues that the government receives from companies extracting oil, royalties and taxes that oil companies must pay in order to operate in Mauritania, and from the profits made through the fund's investment activities.

Explaining 'National Fund For Hydrocarbon Reserves (Mauritania)'

The National Fund for Hydrocarbon Reserves was established in 2006, and seeks to create macroeconomic stability by setting aside oil and gas revenue for developmental projects. The fund's management practices are considered less transparent than those of other sovereign wealth funds.

Further Reading

A Dual‐track Strategy for Managing Mauritania's Projected Oil Rent
onlinelibrary.wiley.com [PDF]
… public control over production activity and the inflow of oil revenue allowed the funding of the … fiscal philosophy with respect to the role of public enterprises in the national economy, based on … The oil sector maintained a dominant position in the allocation of funds under the plan …

Natural resources, capital accumulation and the resource curse
www.sciencedirect.com [PDF]
… public control over production activity and the inflow of oil revenue allowed the funding of the … fiscal philosophy with respect to the role of public enterprises in the national economy, based on … The oil sector maintained a dominant position in the allocation of funds under the plan …

Currency devaluation and poverty in Mauritania
books.google.com [PDF]
… public control over production activity and the inflow of oil revenue allowed the funding of the … fiscal philosophy with respect to the role of public enterprises in the national economy, based on … The oil sector maintained a dominant position in the allocation of funds under the plan …

Gas find will test Mauritania president's two-term vow
www.emerald.com [PDF]
… public control over production activity and the inflow of oil revenue allowed the funding of the … fiscal philosophy with respect to the role of public enterprises in the national economy, based on … The oil sector maintained a dominant position in the allocation of funds under the plan …