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Philippines: Gov’t mulls setting up sovereign wealth fund

Posted on 19 February 2014

Finance Secretary Cesar Purisima on Tuesday said the government is open to establishing a sovereign wealth fund to bring in more revenues. He said discussions are being made by the national government and the Bangko Sentral ng Pilipinas, but no decision has been made yet.
“There are several ways of putting it up, either the Bangko Sentral as part of the reserve employment strategy or the national government to put it up from the national government standpoint, but no decision has been made,” Purisima explained………………………………………..Full Article: Source


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