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Sovereign Wealth Funds

Sovereign Wealth Funds

Chile took another step forward by approving the Fiscal Responsibility Law in 2006. This law allowed for setting up two sovereign wealth funds and establishing the basic institutional framework necessary for their management. These funds included the Pension Reserve Fund (PRF), created at the end of 2006, and the Economic and Social Stabilization Fund (ESSF), launched in early 2007.

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