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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2010.
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