Peru Plans to Develop a Sovereign Wealth Fund

Posted on 12/09/2010

Since November 2011, Peru has US$ 44.1 billion in foreign reserves, a 31.9% increase from one year ago.  The Andean country is planning to set up a sovereign wealth fund modeled after Chile’s sovereign funds.  It will most likely be funded by its foreign reserves and tax revenues (windfall profits).  Exports in September reached US$ […]