Revenue Equalization Reserve Fund

Revenue Equalization Reserve Fund

The Revenue Equalization Reserve Fund is the sovereign wealth fund of the Pacific island republic of Kiribati.

It was created in 1956 to act as a store of wealth for the country's earnings from phosphate mining, which at one time accounted for 50% of government revenue.

In 2008 the Fund was valued at US$ 400 million. [ [http://www.swfinstitute.org/fund/kiribati.php Sovereign Wealth Fund Institute] ]

ee also

*Economy of Kiribati

References

External links

* [http://www.mfep.gov.ki/ Kiribati Ministry of Finance]


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