Africa's Oil: A Blessing or a Curse?

of 125Photo
  • 122211 global nigeria oil spill
  • 040512 global africa oil 1
  • 041112 global african oil plant
  • 040512 global africa oil disrepair
  • 040512 global africa oil angola
  • 040512 global africa oil donald kaberuka
  • 040512 global africa oil virunga national park gorillas
  • 040512 global africa oil barack obama signing
  • 012312 global sudan oil production halted
  • 041112 global african oil liberia randolph mcclaim president
  • 040512 global africa oil 2
  • 040512 global africa oil 3

Some Nations Avoid Transparency

Despite conventional wisdom that increased government transparency will aid nations in ensuring equitable distribution of oil revenues, many nations are not even considering the prospect. In lieu of putting their cards on the table, some nations are taking their chances with Soverign Wealth Funds.

The funds are massive, state-held investment funds — like a 401(k) for a country. The fund invests the oil money in a range of different assets, but it doesn’t invest the money at home, shielding the funds from the economic instability of the local market. 

(Photo: REUTERS/Ismail Zitouny)

More Photo Galleries

Related Topics