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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.
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Wikipedia, the free encyclopedia © 2001-2006 Wikipedia contributors (Disclaimer)
This article is licensed under the GNU Free Documentation License.
Last updated on Tuesday October 07, 2008 at 04:36:58 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
This article is licensed under the GNU Free Documentation License.
Last updated on Tuesday October 07, 2008 at 04:36:58 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
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