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Sovereign Wealth Funds Briefing - Categorized | Trends

Debate continues over PNG’s Sovereign Wealth Fund

Posted on 17 June 2014

Debate over PNG’s Sovereign Wealth Fund continues even though the first shipment of liquefied natural gas has been delivered to Japan. The purpose of the Fund is to control the spending of the considerable revenue generated by the PNG LNG project.
Disputes over the best fomat for the Fund and procedural mistakes when passing the establishing legislation in 2011 are the reasons the Fund has not been set up………………………………………..Full Article: Source


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