Parliament has decided to extend the deadline for selecting the members of the Sovereign Wealth Fund’s Supervisory Committee. The Ad Hoc Committee, charged with this important task, was unable to submit the names of the candidates by the deadline initially set. This decision was taken during the parliamentary session held on Thursday (11), where a resolution was passed postponing the submission of the report with the proposed appointments.
According to information from the Carta de Moçambique portal, the commission’s leadership, headed by former Labour Minister Vitória Dias Diogo, is facing challenges in identifying the prominent figures from society who will be part of the Committee. Each parliamentary group has been given the responsibility of proposing between five and seven candidates to make up this essential nine-member body.
The Sovereign Wealth Fund’s supervisory committee will have the crucial task of overseeing the activities of the managers of the “blue bag”, monitoring everything from the revenues from the exploitation of Rovuma’s natural gas to the allocation of these resources in the state budget and in the Fund itself. This independent body will have to report regularly on its activities to Parliament, with quarterly reports that will be made public.
According to the information, the new deadline for submitting the report with the names of the candidates has been set for 18 July, next Thursday (18).
