The Daily Brief

  • It’s apparently costing China $240 billion per year to hold down the value of the RMB relative to other currencies. That’s a lot.
  • Papua New Guinea is getting closer to finalizing a new resource revenue management law and a new sovereign fund.
  • Nigeria’s new finance minister Ngozi Okonjo-Iweala continues to push for wealth fund. Alas, it’ll probably have to be the Supreme Court that decides on this one.
  • Qatar Holding is creating a new special purpose gold investment vehicle. Interesting.
  • Norway apparently has some advice for Libya.

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About

This website is a project of Professor Gordon L. Clark and Dr. Ashby Monk of the School of Geography and the Environment at the University of Oxford. Their research on sovereign wealth funds is funded by the Leverhulme Trust and The Rotman International Centre for Pension Management.

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