21.03.2013 - Sovereign wealth fund mulled
With an improving fiscal situation, the national government is considering establishing a sovereign wealth fund that it can use for various investments, the profits of which can be tapped for various development projects. This was according to Governor Amando Tetangco Jr., who said the Bangko Sentral ng Pilipinas would be willing to sell dollars to the national government should the creation of the fund be pursued and should foreign currency-denominated assets be considered among the investment options. “The government is looking into it [creation of the fund]; it is very much on the drawing board right now,” the BSP governor said...............................................Full Article: Source
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