Espírito Santo Forms SWF and Infrastructure Fund from Oil and Gas Revenue

Posted on 06/18/2019


Brazilian state Espírito Santo, a state in southeastern Brazil with a population of just under 4 million, plans to create an infrastructure fund and a sovereign wealth fund called Funses. Funses will be capitalized at 500 million BRL and be funded by revenues generated by gas and oil exploration. In addition, the State government of […]