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

Poland seeks growth through investment fund

Posted on 15 October 2012

Poland launched a plan Friday aimed at reinvigorating its slowing economy while sidestepping the sort of unpopular austerity measures that have toppled governments in several of its fellow European Union states. Prime Minister Donald Tusk said he wants to pump hundreds of billions of dollars worth of investment into the country’s energy sector and infrastructure through 2020 by leveraging valuable state-owned assets to raise the cash.
Tusk said the broad plan is to raise some of the cash needed against state-owned shares in Polish companies that will be transferred into a new sovereign-wealth fund. Raising cash through a sovereign-wealth fund means the plan won’t increase the country’s self-imposed public deficit limits, Tusk said………………………………………..Full Article: Source


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