Abstract
Through a sovereign wealth fund, the Philippine government can invest its financial assets in the global financial markets to maximize long-term returns. This mitigates the adverse effects of surplus foreign exchange reserves and high influx of remittances. It can help the government stabilize its currency, increase national savings, protect the competitiveness of exports, prevent inflation, avoid local asset bubbles, and diversify its portfolio of investments across asset classes and markets.
Recommended Citation
Stanley Q. Geronimo, Russell
(2018)
"Developing The Philippine Sovereign Wealth Fund,"
Indian Journal of International Economic Law: Vol. 10, Article 6.
Available at:
https://repository.nls.ac.in/ijiel/vol10/iss1/6
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