21st June, 2024
Panama’s sovereign wealth fund, the Fondo de Ahorro de Panama (FAP), has received promissory notes from the government totalling US$1.27 billion, which has boosted its coffers to US$2.69 billion, but challenges are building and the fund could face drawdowns due to problems in the mining sector.
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2nd June, 2023
Recent weeks saw a surge of proposals for new sovereign wealth funds – some in countries that already host established SWFs – as governments look to strategic development and fiscal stabilization in a turbulent and uncertain era.
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17th February, 2023
The Turkiye Wealth Fund’s (TVF) decision to prop up domestic public equities following the devastating earthquakes demonstrates the power of sovereign wealth funds in times of crisis, but do such short-term emergency measures compromise a SWF’s long-term mandate to invest for yield and economic development?
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18th February, 2022
This week in the federal courts of Brooklyn, former Goldman Sachs banker Roger Ng is facing as many as 30 years in prison for allegedly helping 1MDB to embezzle billions of Malaysian public funds. Tim Leissner, his former boss at the bank, testified yesterday to confirm that “greed and ambition” drove their involvement in the bribery and money laundering scheme. Goldman has already paid US$ 2.8 billion in fines.
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