Thai PM says government mulling sovereign wealth fund

Dec 3, 2009

Abhisit Vejjajiva also underlined a commitment to reforming the country's financial system in an address to delegates attending AsianInvestor's conference in Bangkok.

Asked yesterday whether Thailand is likely to set up a sovereign wealth fund, prime minister Abhisit Vejjajiva replied that there have been talks on the issue. The Bank of Thailand, the central bank, has been considering the idea as something that could enable it to have "more flexible management of surplus reserves", he said.

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