16.02.2009 - Role of 'sovereign wealth funds' highlighted
From Brecorder.com: The recent global 'financial tsunami' has hit almost all countries and the 'Sovereign Wealth Funds' can play a significant role to bail out their economies. "It is a financial 9/11 as 'mortgage twin tower' and many strong financial institutions have collapsed in the recent crisis", Adnan Hassan, a former advisor to the World Bank. He said that the Sovereign Wealth Fund (SWF), a state repository of wealth and presently having a base of $3.3 trillion, is the fast growing segment in the world. "Although the base of the fund is small, it has a fast growth rate, mainly in the developed economies", he said..... Full Article: Source
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