Thailand Sovereign Wealth Fund Proposal Strikes Again

thailandThe Bank of Thailand is once again giving thought to starting a sovereign wealth fund to handle its large foreign reserves. A Sovereign Wealth Fund Institute article from October, 2011, noted that the country would not be pursuing the development of a sovereign wealth fund with its then US$ 180 billion in reserves. New studies, however, are being conducted by the bank in order to gauge the wisdom of establishing such a fund. According to a document from the Bank of Thailand, as of August 16th, foreign reserve holdings are valued at US$ 172 billion, with liabilities of US$ 123 billion. The new proposed name is the New Opportunity Fund.

The Thai government and the Central Bank of Thailand have debated the issue of creating a sovereign wealth fund for quite some time.

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