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Sovereign Wealth Funds Briefing - Categorized | Market

Angola seeks global PR support for new sovereign wealth fund

Posted on 27 August 2012

Angola is set to appoint global PR support for the oil-rich nation’s new sovereign wealth fund. The fund is expected to receive as much as $25bn upon launch, and is forecast to become one of the world’s five largest sovereign wealth funds according to current oil price trends, reaching $120bn by 2020.
Expected to launch in 2010, the fund has been repeatedly delayed according to reports in the financial press. However, the IMF’s Angolan loan program calls for the fund’s creation, to invest the country’s oil wealth abroad………………………………………..Full Article: Source


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