Sun, Jan 21, 2018
A A A
Welcome mteam
RSS

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

East Timor’s petroleum fund in danger

Posted on 18 July 2011

Substantial changes proposed for East Timor’s Petroleum Fund law will expose the nation’s finances to high risk and open the door to corruption. Just a few years ago the fund was widely praised as a model of prudential and sustainable management, and a means of possibly escaping the “resource curse” of waste and corruption.

Most other sovereign wealth funds (such as Australia’s Future Fund, Brazil’s Fundo Soberano, Botswana’s Pula Fund, Trinidad and Tobago’s Heritage and Stabilisation Fund) maintain tighter controls on their assets……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
January 2018
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031