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

Thailand: Go slow on wealth fund, govt told

Posted on 25 August 2011

The government has been urged not to fast-track the creation of a sovereign wealth fund in the light of concern that the country’s international reserves risk being wasted. Senator Kamnoon Sithisman expressed his concern over the government plan to establish a sovereign wealth fund by using money held by the central bank.
Prime Minister Yingluck Shinawat-ra said on the first day of the debate that the government would consider creating such a fund as part of an effort to manage the Kingdom’s assets better……………………………………….Full Article: Source


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