Investor profile

National Investment Fund (NIF) is Cyprus’ SWF since March 2019, when the Law prepared with technical assistance by the IMF was approved. NIF is set up as a pool of assets owned by the state without a separate legal identity. It plays three different roles: fiscal smoothing, debt reduction and intergenerational savings. NIF seeks to enhance the country’s credit rating outlook, and to raise confidence in the economy with a beneficial sectoral investment impact. It has leaned on the IMF and IFSWF during its implementation.