Falkland Islands Receives Initial Deposit for SWF
Posted on 01/25/2013
The government of the Falkland Islands has made an initial transfer of £8.274 million to the new Oil Development Reserve. This first deposit is their goal towards emulating a sovereign wealth fund based on the Norwegian model. Oil exploration firms are aiming at 8.3 billion barrels in the area around the Falkland Islands. The region […]
