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

Angola to launch sovereign wealth fund in 2009

Posted on 22 June 2009

From Reuters: Angola plans to launch a sovereign fund in 2009 to invest the oil-producing nation’s wealth abroad, Finance Minister Severim de Morais said on Friday.

Plans to create the fund, known as the Fundo Soberano Angolano, were announced in November by President Jose Eduardo dos Santos, but the project has since been delayed due to the global economic downturn………Full Article: Source


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