24.02.2014 - Crisis puts sovereign funds under pressure to keep assets liquid
Caught in an emerging market storm, some resource-rich states may keep more windfall income in liquid assets, ready to aid their economies, rather than locked up in strategic investment for future generations. Kazakhstan's move last week to dip into its National Fund to slash banks' bad loans and - to some extent - Russia's plan to tap into its wealth fund to bail out Ukraine reduce a potential pool of funds that otherwise could have been invested in capital-heavy projects such as infrastructure...............................................Full Article: Source
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