1st October, 2024
Bahrain may be the smallest country in the GCC in terms of population and economy, but its Sovereign Investment industry is well developed, with two active SWFs: one for stabilization and savings function (Future Generation Reserve, or FGR) and another one for strategic and development purposes (Mumtalakat). The FGR had been a relatively low-profile SWF until 2020, when the government of Bahrain withdrew US$ 450 million, or half of its assets back then, to maintain economic stability. The withdrawal was followed by a change in the deposit rules, and the fund has been growing again thanks to new inflows and strong investment returns.
7th October, 2022
Last September 30 we had the privilege of participating in an offsite meeting of the Board of Directors of the Panama Savings Fund (FAP), along with leading economists and representatives of the World Bank.
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28th March, 2022
This week marks the end of FY2022 in Singapore, and its various state-owned investors are busy wrapping up the year. In February, the Government released the estimated budget deficit for the year (SG$ 5.4 billion), despite expecting to withdraw the highest ordinary dividend (known as NIRC) to date, at SG$ 21.6 billion or US$ 16.0 billion.
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