TAPPING: Brazil Withdraws Money from SWF
Posted on 12/23/2015
Brazil is miring in a deep recession after years of rapid economic growth. The Government of Brazil withdrew 855 million reais (US$ 216 million) from the Fundo Fiscal de Investimentos e Estabilização (FFIE) in which the Sovereign Fund of Brazil owns. The fund has around US$ 620 million in assets left. According to a statement […]
