The Fund achieved a return on investment of 1.8% and 11.4% for the quarter and year ended 31st December 2017 respectively. This was below the target performance of 3.1% in Q4 2017.
Received contributions during the period resulted to the upward growth of the Fund. The Fund continues to diversify its portfolio to mitigate against volatility of the capital market environment.
The graph below shows the Fund’s growth and performance over the last five years:
The IMF and the World Bank have projected a growth of 5.0% and 5.5% respectively in 2018. Resumption of credit to the private sector and the continuation of government infrastructure projects are some of the factors that could spur economic growth in 2018.