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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Brazil taps into sovereign fund to meet 2012 fiscal target

Posted on 04 January 2013

Brazil tapped into its sovereign wealth fund and state companies’ profits in an effort to meet its 2012 fiscal target.
The Treasury will withdraw 8.85 billion reais ($4.3 billion) from its sovereign wealth fund and 4.7 billion reais in dividends from state-owned bank Caixa Economica Federal, according to a Dec. 31 decision published in today’s official gazette………………………………………..Full Article: Source


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