| Singapore and China use them. Is it time to be more creative in how foreign reserve holdings are invested? Finance Minister Thirachai Phuvanatnaranubala has told the central bank to study the possibility of putting aside a portion of the country's foreign reserves to set up a sovereign wealth fund to invest in infrastructure projects abroad.
He instructed the Bank of Thailand (BoT) yesterday to complete its study within one month.If the central bank's study shows the idea is feasible, he will ask it to submit certain details on establishing the fund, including its size and who will manage it, Mr Thirachai said..............................................Full Article: Source
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