Peru Fiscal Stabilization Fund

Peru US$ 7.1 Billion
Established: 1999
Transparency Rating: n/a
View Sovereign Fund Transaction Data
View Asset Allocation		 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).

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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