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Sovereign Wealth Funds Briefing - Categorized | Market

Chile stocks slip as quake continues to shake markets

Posted on 04 March 2010

From WSJ: Faced with massive infrastructure damage, investors are expecting President-elect Pinera, who takes office March 11, to look to the sovereign wealth fund. The government has some $11 billion in the offshore Economic and Social Stabilization Fund, which it can tap to pay for reconstruction.

Last year, it withdrew about $8 billion from the fund to finance a $4 billion fiscal stimulus package and to pay for the fiscal deficit it incurred as a result of increased spending and lower revenue…………………………………….Full Article: Source


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