Draft:Mineral Wealth Fund

Submission declined on 26 August 2024 by SafariScribe (talk).

This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:

in-depth (not just brief mentions about the subject or routine announcements)
reliable
secondary
strictly independent of the subject

Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.

This submission reads more like an essay than an encyclopedia article. Submissions should summarise information in secondary, reliable sources and not contain opinions or original research. Please write about the topic from a neutral point of view in an encyclopedic manner.

If you would like to continue working on the submission, click on the "Edit" tab at the top of the window.
If you have not resolved the issues listed above, your draft will be declined again and potentially deleted.
If you need extra help, please ask us a question at the AfC Help Desk or get live help from experienced editors.
Please do not remove reviewer comments or this notice until the submission is accepted.

Where to get help

If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews.
If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed.

How to improve a draft

Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia.
Help:Wikitext – how to use the markup
Help:Referencing for beginners – how to include references
Wikipedia:Article development – how to develop your article
Wikipedia:Writing better articles – how to improve your article
Wikipedia:Verifiability – make sure your article includes reliable third-party sources

You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article.

Improving your odds of a speedy review

To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags.

Add tags to your draft

Editor resources

Find sources: Google (books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL
Easy tools: Citation bot (help) | Advanced: Fix bare URLs

Declined by SafariScribe 30 minutes ago. Last edited by Jlwoodwa 8 seconds ago. Reviewer: Inform author.

Resubmit

Please note that if the issues are not fixed, the draft will be declined again.

The Mineral Wealth Fund (MWF) is Sierra Leone’s first sovereign wealth fund, committed to spearheading sustainable and equitable development in the mineral, metallurgic and associated sectors (MWF, 2024).

A Pathway to Sustainable Development:

The MWF of Sierra Leone represents a significant initiative aimed at harnessing the nation’s vast mineral resources to drive sustainable economic development. Established under the administration of President Julius Maada Bio, the MWF is Sierra Leone's first sovereign wealth fund as mentioned above. It is designed to ensure that the profits from the mining sector contribute directly to the country’s growth and development (Awoko Newspaper, 2024).

Purpose and Objectives:

The Mineral Wealth Fund (MWF) is not just a financial instrument but a strategic initiative designed to secure the future of Sierra Leone’s economy. The fund’s core purpose is to ensure that the revenues generated from the country’s rich mineral resources are effectively managed and utilised for long-term national development. This includes investing in critical infrastructure, health, education, and other social services that can uplift the standard of living for Sierra Leoneans.

Moreover, the MWF aims to reduce the country’s dependency on external aid by creating a self-sustaining financial reserve that can be used in times of economic downturn or national emergencies. By aligning with international best practices and ensuring transparency, the MWF is expected to foster investor confidence and attract more foreign investments, thereby driving further economic growth (Awoko Newspaper, 2024; OWLPress, 2024).

The fund also aims to support the government's broader economic diversification efforts. With Sierra Leone’s economy historically reliant on mining, the MWF seeks to channel revenues into sectors such as agriculture, manufacturing, and tourism, thereby reducing the country’s vulnerability to fluctuations in global commodity prices. This strategy is essential for building a more resilient and diversified economy that can provide stable employment and income for Sierra Leoneans (The Calabash Newspaper, 2024; Politico SL, 2024).

Implementation and Management:

The MWF is managed by a dedicated team that includes key government officials such as the Governor of the Bank of Sierra Leone, the Minister of Environment, and the Minister of Mines and Mineral Resources. The interim CEO, Igor Silberud, brings international financial expertise to the table, although his appointment has been met with some scepticism regarding transparency and qualifications. The fund has been tasked with establishing strong connections with global sovereign wealth funds, which is expected to bolster Sierra Leone’s economic growth and attract international investment (OWLPress, 2024).

Conclusion:

The Mineral Wealth Fund (MWF) of Sierra Leone is a pivotal initiative with the potential to transform the nation’s mineral wealth into a sustainable and equitable source of development. However, to fully realize this potential, it is crucial that the fund operates with the highest standards of transparency and public accountability, ensuring that the benefits are broadly shared among all Sierra Leoneans (Awoko Newspaper, 2024; The Calabash Newspaper, 2024; OWLPress, 2024).

References

Awoko Newspaper, 2024. Sierra Leone Set to Gain from Landmark Mineral Wealth Fund – Finance Minister, Awoko Newspaper, available at: https://awokonewspaper.sl/sierra-leone-set-to-gain-from-landmark-mineral-wealth-fund-finance-minister/ (Accessed: 24 August 2024).

MWF, 2024. Pioneering Sierra Leone’s first Sovereign Wealth Fund. MWF. Available at: https://www.mwf.gov.sl/ (Accessed: 22 August 2024).

OWLPress, 2024. Mineral Wealth Fund: New Hope for Sierra Leone, OWLPress, available at: https://owlpress-sl.com/mineral-wealth-fund-presents-new-hope-for-sierra-leone/ (Accessed: 24 August 2024).

Politico SL, 2024. New mining law to boost Sierra Leone economy, Politico SL, available at: https://www.politicosl.com/articles/new-mining-law-boost-sierra-leone-economy (Accessed: 24 August 2024).

The Calabash Newspaper, 2024. Civil Society Demands Halt to Sierra Leone's Mineral Wealth Fund Management Agreement, The Calabash Newspaper, available at: https://thecalabashnewspaper.com/civil-society-demands-halt-to-sierra-leones-mineral-wealth-fund-management-agreement/ (Accessed: 24 August 2024).