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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

PNG’s sovereign wealth fund to be managed in country

Posted on 09 December 2011

The Sovereign Wealth Fund (SWF) will be onshore managed, offshore invested and onshore spent. Department of Treasury Deputy Secretary, Economic and Financial Policy, Andrew Yauieb said yesterday at the 2012 National Budget Press lock up that the SWF will be fully integrated in budget and fiscal framework and in line with international best practice; there will be governance, transparency, disclosure, accountability and asset management rules.
Mr Yauieb said within the SWF Integrated Governance, on-shore managed, it has the Stabilisation Fund and the Development Fund………………………………………..Full Article: Source


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