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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Energy input in Heritage Fund decreases

Posted on 17 October 2013

Contributions to the Heritage and Stabilisation Fund (HSF), Trinidad and Tobago’s US$5 billion sovereign wealth fund, have plummeted over the past three years, according to reports issued by the fund. Contributions to the fund have been falling steadily, from US$451 million in 2011, to US$207 million last year, then to the current figure of US$42 million.
Ministry of Finance officials, Minister of Energy and Energy Affairs Kevin Ramnarine and officials of the Central Bank of T&T were asked why. Ministry of Finance and Central Bank officials pointed to declining oil revenue, while Ramnarine pointed to the Ministry of Finance and the Economy for an answer………………………………………..Full Article: Source


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