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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Should Alaska create a fund to attract investors to develop the Arctic?

Posted on 21 June 2011

The Alaska Industrial Development and Export Authority — a state development agency that tries to ignite economic growth through financing sometimes risky projects — could be that entity, if political leaders decide to put significant amounts of cash in the agency’s bank account.
Some lawmakers attending the conference are intrigued by the idea, as long as it doesn’t tap the nearly $40 billion Alaska Permanent Fund. But others were quick to recall big AIDEA projects that failed……………………………………….Full Article: Source


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