Peru Fiscal Stabilization Fund

Peru US$ 7.1 Billion
Established: 1999
Transparency Rating: n/a
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Origin: Non-Commodity
Firm Investment Style: n/a
Entity Structure: Fund
Summary
Peru has a fiscal stabilization fund called Fondo de Estabilización Fiscal (FEF). The FEF is funded by surpluses made from the Peruvian Treasury, 10% of concessional fees, and 10% of privatization proceeds. The FEF is subject to a cap of 4% of GDP, any excess money from the savings fund goes towards debt reduction.

Background
In December 1999, the Ley de Responsabilidad y Transparencia Fiscal (FRTL) law was enacted. The FRTL comprises a fiscal stabilization fund (FEF).

Main Office
Banco Central de Reserva del Perú
Jr. Antonio Miró Quesada 441-445
Lima-1, Perú
Tel: (511) 613 2000

Strategy & Objectives
The fund’s assets are deposited at the central bank and managed under similar criteria to Peru’s international reserves.

Governance
The FEF is attached to the Ministry of Economy and Finance and is administered by a Board composed of three members.

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