Brazil Sovereign Fund
|Brazil Sovereign Fund|
|Assets:|| $8 billion
|Reports||Sovereign Wealth Funds Contact and Information Report|
The first transfer of funding was done in December 2008 for $8 billion. The SWF will be used to invest in local companies but also to invest in non-energy international companies. Brazil's finance minister has said the SWF might be used to support Brazil's currency.
Fiscal Fund for Investment and Stabilization
The Fiscal Fund for Investment and Stabilization is department within the FSB is expected to loan and make direct investments in banks in Brazil. The Fiscal Fund made their first investment in June 2010. It purchased 21.85 percent of the new shares that were issued by the Banco do Brasil.