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Peru looks to create sovereign wealth fund to protect from downturns

Posted on 14 March 2011

From Andina.com.pe: Peru’s economy will likely continue its growth trends this year, but there is concern about the global impact of commodity prices on the Latin American country, Finance Minister Ismael Benavides said.
The Peruvian government is looking to create a sovereign wealth fund to help protect the economy against future downturns, he said. The fund will likely be initially created within Peru’s existing stabilization fund, and the process will likely begin within the next few weeks, he added……………………………………….Full Article: Source


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