| The Government is making headway in bringing the country`s first Sovereign Wealth fund into fruition. Cabinet on August 3, advised the Attorney General's Chambers to commence the drafting of the Sovereign Wealth Fund Bill which will bring the fund into effect.
The Sovereign Wealth Fund is aimed at creating a mechanism for future budgetary surpluses that will ensure the future economic prosperity of the Turks and Caicos Islands. The Government earlier this year announced that model legislation will be laid in the House of Assembly for scrutiny and debate in the third quarter of the financial year...............................................Full Article: Source
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