Early Stage Analysis for Filipino Sovereign Fund

Amando M. Tetangco, Jr.

Amando M. Tetangco, Jr.

In the Philippines, monetary officials are in early stages in analyzing whether to establish a sovereign wealth fund. The Asian country has prospered with foreign reserve growth. The Bangko Sentral ng Pilipinas would sell U.S. dollars to the Philippine government to fund the proposed sovereign fund. With legal constraints stemming from the central bank, the Philippine government has the option of establishing a separate entity to manage the proposed sovereign fund. Another option would be to amend the central bank’s charter.

Philippines – Total Reserves includes Gold

Year Current USD in Billions
2003 17.08
2004 16.23
2005 18.47
2006 22.96
2007 33.74
2008 37.50
2009 44.21
2010 62.33
2011 75.12

Source: World Bank



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