Lawmakers Approve Panama Sovereign Wealth Fund

Posted on 06/01/2012

In Panama, lawmakers recently voted 41-19 to approve the development of a sovereign wealth fund. The fund would take effect after the Panama Canal’s $5.25 billion expansion is finished in 2014. The Panama Canal expansion started in 2007. It will have at least $300 million to start. This fund will help strengthen Panama’s financial safety […]

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