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

Sakha head wants fund like Alaska’s

Posted on 18 August 2011

Sakha republic President Yegor Borisov has proposed setting up a target fund for the development of Russia’s eastern regions with tax money from large projects.
“I suggest setting up a target fund for the development of eastern territories similar to the Alaska Permanent Fund in the United States. Its source could be the tax revenues from the implementation of mega projects,” Borisov said at the Comprehensive Infrastructure Development in the Northeast conference, which opened in Yakutsk on Wednesday……………………………………….Full Article: Source


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