Comment & Analysis
Sovereign wealth
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Turkey to set up €15mn sovereign wealth fund to support struggling economy
Turkey will set up a sovereign wealth fund with an initial capital of TRY50mn (€15mn), Economy Minister Namik Zeybekci said on August 17. Ankara will target to raise the fund's size to $200bn at a later stage, Bloomberg reports. The ruling Justice and Development Party has already submitted a bill…
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