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Thailand: Idea of sovereign wealth fund now appears more appealing

Posted on 09 August 2011

The new government’s argument for a sovereign wealth fund is making more sense as US debt quality is deteriorating, but public and private debts could spiral out of control, as in the euro zone. “The US debt downgrade may make the idea to create a sovereign wealth fund much more appealing,” Praipol Koomsup, an economist at Thammasat University, said.
The new government floated the notion of establishing a sovereign wealth fund to make use of part of its US$180-billion (Bt5.37 trillion) international reserves……………………………………….Full Article: Source


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