Does Selangor Need a Sovereign Wealth Fund?

Sarawak’s Sovereign Wealth Fund was launched in 2022, to “to safeguard and invest the State's funds for the future generations of Sarawak.”

But what exactly is a sovereign wealth fund? How does it work? 

And if it’s a useful tool or institution, would a state like Selangor—Malaysia’s most populous state with the highest GDP — benefit from one too? We speak to Geoffrey Williams, who’s an economist.

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