Bangladesh is planning to launch a sovereign wealth fund (SWF) with its foreign currency reserves to help invest in much needed infrastructure projects, according to reports from Asian news media outlets. A sovereign wealth fund is a pool of money derived from a country’s reserves, which is set aside for investment purposes that are believed to … Continue reading
Saudi Arabia has inked a commitment to invest up to $10 billion in Russia, the Russian Direct Investment Fund (RDIF) said on Monday. Russia’s RDIF and the Public Investment Fund (PIF) of Saudi Arabia agreed to create a partnership to invest $10 billion into projects in Russia, RDIF head Kirill Dmitriev told RIA Novosti. Russia’s latest deal with its … Continue reading
Banks in Russia will get a government boost to finance debt and projects as the country risks recession. On Friday, the State Duma passed the last two readings of a law to allocate up to 10 percent, or $6.54 billion, from a sovereign wealth fund. The law is essentially a bank bailout from the Ministry … Continue reading
Qatar’s sovereign wealth fund – the Qatar Investment Authority (QIA), one of the world’s largest wealth funds – says it is unconcerned with the fall in oil prices and that it doesn’t plan to change its investment strategy, the sovereign wealth fund’s Chief Executive said on Thursday, according to Reuters. The plunge in oil prices … Continue reading