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Thai FinMin Proposes Wealth Fund
The finance minister of Thailand has suggested that the nation use parts of its $189 billion foreign reserves to create a sovereign wealth fund.
The finance minister of Thailand has suggested that the nation use parts of its $189 billion foreign reserves to create a sovereign wealth fund, Financial Times reports. Thirachai Phuvanatnaranubala said the wealth fund will commit to regional infrastructure deals.
He has called on the central bank to carry out a feasibility study. He also proposed that some of the money be used to finance Southeast Asia’s regional integration program.
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