Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach

Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach

The note describes Namibia’s approach to support domestic economic development via mandating investment of a percentage of the large pool of local institutional capital in alternative financing vehicles within the context of an underdeveloped capit...

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Bibliographic Details
Main Author: World Bank
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
PENSION FUNDS
FINANCIAL REGULATION
UNLISTED INVESTMENTS
SME FINANCE
SMALL AND MEDIUM-SIZED ENTERPRISES
INFRASTRUCTURE INVESTMENT
RENEWABLE ENERGY
FUND MANAGEMENT
Online Access:http://documents.worldbank.org/curated/en/125241594367606090/Leveraging-Pension-Fund-Investment-for-Domestic-Development-Namibia-s-Regulation-29-Approach
http://hdl.handle.net/10986/34332
id okr-10986-34332
recordtype oai_dc
spelling okr-10986-343322021-05-25T09:58:00Z Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach World Bank PENSION FUNDS FINANCIAL REGULATION UNLISTED INVESTMENTS SME FINANCE SMALL AND MEDIUM-SIZED ENTERPRISES INFRASTRUCTURE INVESTMENT RENEWABLE ENERGY FUND MANAGEMENT The note describes Namibia’s approach to support domestic economic development via mandating investment of a percentage of the large pool of local institutional capital in alternative financing vehicles within the context of an underdeveloped capital market. Namibian approach diverges from international practice. Namibia Financial Institutions Supervisory Authority (NAMFISA) – the national regulator - instituted mandatory requirements that all pension (and insurance) funds invest in unlisted Namibian companies, formalized the unlisted investment market, created specialized intermediaries and introduced high level of regulatory oversight for both investment managers and investment vehicles. The note describes the investment vehicles and regulatory structure established by NAMFISA, experience of market participants and perspective of the nascent asset management industry managing unlisted investments. The note also summarizes lessons learnt and considers whether such structures could be applied in countries with similar market and economic contexts. 2020-08-11T19:57:20Z 2020-08-11T19:57:20Z 2020 Working Paper http://documents.worldbank.org/curated/en/125241594367606090/Leveraging-Pension-Fund-Investment-for-Domestic-Development-Namibia-s-Regulation-29-Approach http://hdl.handle.net/10986/34332 English Finance, Competitiveness and Innovation Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Africa Namibia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PENSION FUNDS
FINANCIAL REGULATION
UNLISTED INVESTMENTS
SME FINANCE
SMALL AND MEDIUM-SIZED ENTERPRISES
INFRASTRUCTURE INVESTMENT
RENEWABLE ENERGY
FUND MANAGEMENT
spellingShingle PENSION FUNDS
FINANCIAL REGULATION
UNLISTED INVESTMENTS
SME FINANCE
SMALL AND MEDIUM-SIZED ENTERPRISES
INFRASTRUCTURE INVESTMENT
RENEWABLE ENERGY
FUND MANAGEMENT
World Bank
Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach
geographic_facet Africa
Namibia
relation Finance, Competitiveness and Innovation Insight;
description The note describes Namibia’s approach to support domestic economic development via mandating investment of a percentage of the large pool of local institutional capital in alternative financing vehicles within the context of an underdeveloped capital market. Namibian approach diverges from international practice. Namibia Financial Institutions Supervisory Authority (NAMFISA) – the national regulator - instituted mandatory requirements that all pension (and insurance) funds invest in unlisted Namibian companies, formalized the unlisted investment market, created specialized intermediaries and introduced high level of regulatory oversight for both investment managers and investment vehicles. The note describes the investment vehicles and regulatory structure established by NAMFISA, experience of market participants and perspective of the nascent asset management industry managing unlisted investments. The note also summarizes lessons learnt and considers whether such structures could be applied in countries with similar market and economic contexts.
format Working Paper
author World Bank
author_facet World Bank
author_sort World Bank
title Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach
title_short Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach
title_full Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach
title_fullStr Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach
title_full_unstemmed Leveraging Pension Fund Investment for Domestic Development : Namibia’s Regulation 29 Approach
title_sort leveraging pension fund investment for domestic development : namibia’s regulation 29 approach
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/125241594367606090/Leveraging-Pension-Fund-Investment-for-Domestic-Development-Namibia-s-Regulation-29-Approach
http://hdl.handle.net/10986/34332
_version_ 1764480678234161152

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