16.07.2012 - Peru to finalize $10 bln sovereign wealth fund by 2013
The pre-requisites for Peru to establish a $10 billion sovereign wealth fund are in place but the mineral rich country wants to see stabilization in global commodity markets before it can finalize its plans, Luis Miguel Castilla, Peru's Finance Minister said. "We have a fiscal surplus, we have low debt levels, and we're thinking of being able to do some asset management on those surpluses that we have," Castilla said, adding that details will be announced sometime in 2013...............................................Full Article: Source
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