Why (and How) Sovereign Funds Should be Managed by the People for the People
by
Angela Cummine
Language: English
Release Date: September 27, 2016
In 2006, Chile teemed with protesters after finance minister Andrés Velasco invested budget surpluses from the nation’s historic copper boom in two Sovereign Wealth Funds. A year later, when prices plummeted and unemployment soared, Chile’s government was able to stimulate recovery by drawing on the funds.