A $20-billion sovereign wealth fund will mean that the country will revert back to its end-May 2010 reserve level of $47.689 billion, enough to finance 7.2 months of imports, which is way past the prudent level of six months of imports.
This $20-billion start-up wealth fund for the Philippines can be used to fund some of the so-called PPPs, or Public-Private Partnership Projects, that the government has identified to jump-start the economy. More than 15 PPPs are in the pipeline and ready for bidding from local and foreign investors from China to Australia, and Thailand to the United Kingdom……………………………………….Full Article: Source