Shrinking oil revenues could dig into funds
Energy-exporting countries which have stashed billions in windfalls in sovereign investment funds may be forced to draw down on them as oil revenues shrink, sending a chill through stock, bond and property markets worldwide. |||
Chris Vellacott LondonENERGY-EXPORTING countries which have stashed billions in windfalls in sovereign investment funds may be forced to draw down on them as oil revenues shrink, sending a chill through stock, bond and property markets worldwide.Oil-based sovereign wealth funds are a major force in international finance, holding more than $5 trillion (R56 trillion) in assets, according to David Spegel, an …read more
Source: Independent Online
