Brazilian President Michel Temer Orders Liquidation of Sovereign Wealth Fund
Posted on 05/23/2018
Brazilian President Michel Temer signed an executive order to shut down the country’s sovereign wealth fund. The money in the sovereign fund will go toward repayment of foreign debt. The Sovereign Fund of Brazil, also known as Fundo Soberano do Brasil, was formed in 2008. The formation of the Fundo Soberano do Brasil was authorized […]
