| The concept of launching a sovereign fund, as suggested by the International Monetary Fund, wins the hearts of many as long as the government heeds public opinion. Although not everyone is convinced. Three years. That, apparently, is exactly how long the city’s fiscal reserves will take to accumulate its capital to “a comfortable level”. Indeed, the government thinks it is now time to study the establishment of a Macau SAR Investment Development Fund.
The announcement of the long-awaited initiative has won the overwhelming support of critics and analysts despite the lack of a detailed blueprint, in which the government can look into many directions but the bottom line is to heed public opinion...............................................Full Article: Source
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