Brazilian SWF: on or not?

The status of the Brazilian plans to establish a sovereign wealth fund has become clouded following reports of conflicting views in the government.

Rumours of the government's intentions to create a sovereign wealth funds have been circulating for months. The plan appeared to be gaining traction when Guido Mantega, the finance minister, said on 5 May the fund could be established by the end of June. "The sovereign fund is a more efficient way to use the excess dollars that come to Brazil," he

To continue reading...