09.03.2012 - Panama: Sovereign fund will reach $12,500 mln by 2025
The sovereign fund, a savings instrument that will receive a portion of surplus revenues of an expanded Canal, would accumulate to about $12,500 million by 2025, according to projections managed by the Executive. Each year, from the contributions generated by the Canal to the State, a portion will go to the National Treasury for the equivalent of 3% of gross domestic product (GDP) and funds in excess of that amount will be allocated to the savings fund...............................................Full Article: Source
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