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Sovereign Wealth Funds Briefing - Categorized | Financials

Chile peso ends down on uncertainty over reconstruction financing

Posted on 19 March 2010

From WSJ: Chile’s President Sebastian Pinera said he is looking to dip into the country’s sovereign wealth fund, secure foreign credit and implement fiscal austerity.
There is also talk, however, his government will raise taxes, including the royalty on copper mining companies, and it will seek to increase the cap on local sovereign bond issues to around $10 billion from the existing $6 billion limit set by Congress for this year………………………………..Full Article: Source

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