
The Natural Resource Governance Institute (NRGI) has raised a concern on how Botswana government is managing its sovereign wealth fund, Pula Fund. The Resource Governance index (RGI) has raised concern that although the Pula Fund through its investments and financials are audited and reviewed by Parliament, its deposit and withdrawal rules and practices is worrisome. Although it is meant to cushion the country during economic meltdown, RGI has observed that recently money withdrawn from the fund was shrouded in secrecy with no information given for its purpose. In September 2012, P21 billion was withdrawn from the Fund in order to meet the country’s spiralling import bill. The country's foreign exchange reserves are made up of the Pula Fund, the Liquidity Portfolio, which has two components and several assets associated with the International Monetary Fund. Botswana, DeBeers The relationship between Botswana Government and DeBeers Company through their joint venture Debswana has come under scrutiny from the Resource Governance index (RGI). According to the 2017 Resource Governance Index, Debswana has scored 29 out 100 points on RGI and is ranked 61 of 74 state owned entities (SOEs) in the index and hangs on the border between the poor and failing performance bands.…