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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Reserve Currencies

Peru govt given key to sovereign wealth fund

Posted on 28 December 2015

Peru’s government said it may resort to the country’s sovereign wealth fund for the first time to help President Ollanta Humala finance infrastructure spending in his final year in office.
The board of directors in charge of the fund, which includes finance minister Alonso Segura, central bank president Julio Velarde and a representative of the cabinet chief’s office, authorized the “temporary” use of up to 4.29bn soles (US$1.28bn). This is to prevent a drop in public spending in the face of dwindling tax revenues, the finance ministry said in a statement………………………………………..Full Article: Source


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