| From Holyrood.com: The World Bank itself is using sovereign and pension funds to recast the concept of aid; state-owned investment vehicles from South Korea, Azerbaijan, Netherlands and Saudi Arabia have agreed to invest $600m in a bank-sponsored equity fund for lessdeveloped countries.
Scotland’s SNP Government has floated the idea of attracting investment from funds to finance major infrastructure projects. First Minister Alex Salmond has long argued that revenues from North Sea oil should have contributed to a Scottish sovereign wealth fund........................................Full Article: Source
|