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

Draft to launch Turkish sovereign wealth fund sent to parliament

Posted on 03 August 2016

A draft law for the establishment of the Sovereign Wealth Fund of Turkey was sent to parliament in a bid to create an additional 1.5 percent contribution to annual growth in the next decade, as Reuters has reported on Aug. 2.
The draft included various new regulations in the fields of taxation, public energy projects and investments. Turkey has been the only country without such a fund among all G-20 countries. In the initial stage, a specific percentage of public funds and revenue will be allocated to create the main basis of the newly planned wealth management fund………………………………………..Full Article: Source


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