Panama Sovereign Wealth Fund Transfers 2016 Profits to Treasury
Posted on 12/18/2017
Fondo de Ahorro de Panamá (FAP), Panama’s sovereign wealth fund, has transferred US$ 31.4 million to the country’s National Treasury as income for 2016, the result of net profits generated from its some US$ 1.26 billion in net assets for the year. Founded in 2012 with US$ 300 million in initial funding as a stabilization […]
