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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Chile’s Larrain reiterates small drawdowns from Sovereign Fund

Posted on 06 May 2010

From Dow Jones: Chilean Finance Minister Felipe Larrain on Wednesday reiterated that the government will only make moderate drawdowns from one of its sovereign wealth funds this year to finance earthquake reconstruction efforts.
Chile currently has $11.13 billion in its Economic and Social Stabilization Fund and last year withdrew $9 billion from the fund to finance more fiscal spending………………………………………Full Article: Source


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