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Mongolia to create $600 mln sovereign fund in July

Posted on 02 May 2012

Ganhuyag Chuluun Hutagt Mongolia plans to set up a new sovereign wealth fund with $600 million after the country’s June elections, Vice Minister of Finance Ganhuyag Chuluun Hutagt said at a conference in London.
The country also plans to raise the size of its existing stabilization fund to $500 million from $200 million by the end of the year, he told reporters at the Mongolia Capital Markets Day conference at the London Stock Exchange………………………………………..Full Article: Source


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