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

A Philippine sovereign wealth fund

Posted on 18 December 2012

Philippines could set up a sovereign wealth fund (SWF) with our excess reserves. The $14 billion mentioned above, which by the end of the year will probably be $15 billion would be the seed money. That is enough to double our infrastructure spending which is currently 2.5 per cent of GDP to the recommended 5 per cent, over the next five years. With that added spending, the government could easily meet its aspirational stretch target of growing the economy by 7-8 per cent a year.
Every year, depending on how well our balance of payments performs, we could just keep adding to the SWF……………………………………….Full Article: Source


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VRS - who has written 15416 posts on Opalesque Sovereign Wealth Funds Briefing.


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