Peru’s Fiscal Stabilization Fund May Look Overseas for Investments
Established in 1999, Peru’s Fiscal Stabilization Fund (FEF) may look to overseas investments. Locally known as Fondo de Estabilización Fiscal, the conservative-oriented US$ 7.1 billion sovereign wealth fund may seek higher yielding assets. Peruvian Finance Minister Luis Miguel Castilla is pushing for changes in fund strategy. On the economic policy front, the government of Peru has been focused paying down public debt and feeding the FEF. At the end of July 2013, Peru had US$ 67.724 billion in gross international reserves – US$ 989 million higher than June.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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