Brazil Sovereign Wealth Fund Moves Forward
Posted on 09/10/2010
The government of Brazil has approved the creation of a sovereign wealth fund. In addition, the sovereign wealth funds, BNDES National Development Bank and Caixa Economica Federal state-controlled banks will be allowed to participate in the capitalization of state-controlled oil company Petroleo Brasileiro. This was ordered by a decree published by government in the country’s […]
