31.07.2015 - PNG passes Sovereign Wealth Fund Bill
After a number of stalled attempts Papua New Guinea's parliament has finally passed a law to establish a Sovereign Wealth Fund. The long-stated aim of the Fund is to manage the revenue generated by liquified natural gas and other resource projects and put it towards economic and social development. Reporter Wesley Manuai says the legislation shows the fund will be split into two parts, a stabilisation fund and a savings fund...............................................Full Article: Source
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