Fund profile

The Revenue Equalization Reserve Fund was established in 1956 when the country was a British colony. The Fund was created in order to manage earnings from the country's phosphate mining industry, which accounted for over half of the country's revenue when it was established. Following a difficult period after the 2008 financial crisis, the government worked with the IMF and World Bank to reform the Fund’s structure and strategy. As of 2021, its market value of assets is roughly US$ 926 million.