Panama SWF Law Expected Next Year

Panama SWF Law Expected Next Year

Panama Funds

The Panamanian government hopes to pass a law approving a new sovereign wealth fund by the first semester of next year, Mahesh C. Khemlani, the country’s deputy minister of finance, told LatinFinance on the sidelines of the IMF meetings in Washington. The idea is to put any excess dividends from the Canal and other government projects into the fund, which could reach around $7bn in size by 2020, he added. The fund will act as savings for future generations and as a stability mechanism shoul

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