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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

AIZhK may receive Euro958mln from National Welfare Fund

Posted on 09 February 2010

From Constructionrussia.com: The Russian government is to consider using money from the National Welfare Fund to finance the Agency for Housing Mortgage Lending (the AIZhK). €958m could be provided. In addition, this year the agency is to receive another €5.9bn from the Federal Pension Fund and Vnesheconombank.
It is anticipated that the additional funds provided to the agency will result in a reduction in the average mortgage interest rate to 10% from the current 14%…………………………………Full Article: Source

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