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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Suriname starts stabilization fund

Posted on 03 January 2012

This month, the government will establish an ‘Interim Sovereign Wealth Fund’ with a starting capital of US$ 20 million. This stabilization and savings fund is intended to make revenues from natural resources sustainable, President Desi Bouterse said in his New Year’s address.
The fund will “enable Suriname to survive times of adversity”. “It will also be a good basis for economic development to the benefit of many generations after us”, the President continued, adding that the fund will be managed by the monetary authorities. The President also announced that the government will take measures this year to keep basic goods “affordable and accessible” for the people………………………………………..Full Article: Source


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