12.03.2012 - Western Australia looks to alberta for SWF plan
Western Australia’s top finance official said Friday that the mineral-rich state is confident of establishing a type of sovereign wealth fund later this year without resorting to debt. “We are not borrowing money for a future fund,” State Treasurer Christian Porter told Dow Jones Newswires in an interview. “We’re confident that we can create it (the fund) but it is a very challenging environment.”..............................................Full Article: Source
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