With 1MDB in the Background, Sarawak Government Conducts Feasibility Study on Sovereign Wealth Fund Option

Posted on 11/13/2020

With the economic pain of 1MDB in the background, the Sarawak government is carefully conducting a feasibility study before establishing a sovereign wealth fund. The proposed state investment fund would invest surplus revenue and act as a buffer in times of fiscal distress.

Sarawak is a Malaysian state on Borneo. Sarawak is abundant in natural resources such as oil, and primary industries such as mining, agriculture, and forestry.

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