A Sovereign Wealth Fund as an alternative driver of growth and development in Botswana.

Sub-Saharan Africa (SSA) presents growth-development deficiencies; hence, there is a continual search for drivers of economic growth and development. Global shocks exacerbate the deficiency. Thus, there is a need for alternative drivers of growth and development. One such alternative is a Sovereign Wealth Fund (SWF). Many resource-rich SSA countries have established SWFs. This paper primarily aims to discuss the potential of a SWF as an alternative driver of growth and development in Botswana. It asks the question: how can the Pula Fund be used as an alternative driver of economic growth and development? It adopts a qualitative case study approach, concluding that post-2007 fiscal strictures necessitate that the SWF be designated as an alternative driver of economic growth and development in Botswana. However, it must be transformed into a Strategic Development Sovereign Wealth Fund (SDSWF). To conclude, the general lesson for SSA is the need to establish well-governed SDSWFs. [ABSTRACT FROM AUTHOR]