Table 5: Saving and Stabilization Institutions in Resource-Rich Settings, 2012 Country Fund Name Assets Inception Origin US$ billion Transparency Index Algeria Revenue Regulation Fund 56.7 2000 Oil 1 Australia Australian Future Fund 80 2006 Non-Commodity 10 Azerbaijan State Oil Fund 30.2 1999 Oil 10 Bahrain Mumtalakat Holding Company 9.1 2006 Non-Commodity 9 Botswana Pula Fund 6.9 1994 Diamonds and 6 Minerals Brazil Sovereign Fund of Brazil 11.3 2008 Non-Commodity 9 Brunei Brunei Investment Agency 30 1983 Oil 1 Canada Fund 15.1 1976 Oil 9 Alberta’s Heritage Chile Social and Economic Stabilization 15 2007 Copper 10 Fund Chile Pension Reserve Fund 4.4 2006 Copper 10 East Timor Timor-Leste Petroleum Fund 9.9 2005 Oil and Gas 6 Equatorial Guinea Fund for Future Generations 0.08 2002 Oil n.a. Gabon Gabon Sovereign Wealth Fund 0.4 1998 Oil n.a. Indonesia Government Investment Unit 0.3 2006 Non-Commodity n.a. Iran Oil Stabilisation Fund 23 1999 Oil 1 Ireland National Pensions Reserve Fund 30 2001 Non-Commodity 10 Kazakhstan Kazakhstan National Fund 58.2 2000 Oil 8 Kiribati Revenue Equalization Reserve Fund 0.4 1956 Phosphates 1 Kuwait Kuwait Investment Authority 296 1953 Oil 6 Libya Libyan Investment Authority 65 2006 Oil 1 Malaysia Khazanah Nasional 36.8 1993 Non-Commodity 5 Mauritania National Fund for Hydrocarbon 0.3 2006 Oil and Gas 1 Reserves Mexico Oil Revenues Stabilization Fund of 6.0 2000 Oil n.a. Mexico Mongolia Fiscal Stability Fund n.a. 2011 Mining n.a. Nigeria Nigerian Sovereign Investment 1 2011 Oil n.a. Authority Norway Government Pension Fund Global 611 1990 Oil 10 – Oman State General Reserve Fund 8.2 1980 Oil and Gas 1 Oman Oman Investment Fund n.a. 2006 Oil n.a. Papua New Guinea Papua New Guinea Sovereign n.a. 2011 Gas n.a. Wealth Fund Qatar Qatar Investment Authority 100 2005 Oil 5 Russia National Welfare Fund 149.7 2008 Oil 5 Saudi Arabia SAMA Foreign Holdings 532.8 n.a. Oil 4 Saudi Arabia Public Investment Fund 5.3 2008 Oil 4 Trinidad & Tobago Heritage and Stabilization Fund 2.9 2000 Oil 8
Table 5: Saving and Stabilization Institutions in Resource-Rich Settings, 2012 Country Fund Name Assets US$ billion Inception Origin Transparency Index Algeria Revenue Regulation Fund 56.7 2000 Oil 1 Australia Australian Future Fund 80 2006 Non-Commodity 10 Azerbaijan State Oil Fund 30.2 1999 Oil 10 Bahrain Mumtalakat Holding Company 9.1 2006 Non-Commodity 9 Botswana Pula Fund 6.9 1994 Diamonds and Minerals 6 Brazil Sovereign Fund of Brazil 11.3 2008 Non-Commodity 9 Brunei Brunei Investment Agency 30 1983 Oil 1 Canada Alberta’s Heritage Fund 15.1 1976 Oil 9 Chile Social and Economic Stabilization Fund 15 2007 Copper 10 Chile Pension Reserve Fund 4.4 2006 Copper 10 East Timor Timor-Leste Petroleum Fund 9.9 2005 Oil and Gas 6 Equatorial Guinea Fund for Future Generations 0.08 2002 Oil n.a. Gabon Gabon Sovereign Wealth Fund 0.4 1998 Oil n.a. Indonesia Government Investment Unit 0.3 2006 Non-Commodity n.a. Iran Oil Stabilisation Fund 23 1999 Oil 1 Ireland National Pensions Reserve Fund 30 2001 Non-Commodity 10 Kazakhstan Kazakhstan National Fund 58.2 2000 Oil 8 Kiribati Revenue Equalization Reserve Fund 0.4 1956 Phosphates 1 Kuwait Kuwait Investment Authority 296 1953 Oil 6 Libya Libyan Investment Authority 65 2006 Oil 1 Malaysia Khazanah Nasional 36.8 1993 Non-Commodity 5 Mauritania National Fund for Hydrocarbon Reserves 0.3 2006 Oil and Gas 1 Mexico Oil Revenues Stabilization Fund of Mexico 6.0 2000 Oil n.a. Mongolia Fiscal Stability Fund n.a. 2011 Mining n.a. Nigeria Nigerian Sovereign Investment Authority 1 2011 Oil n.a. Norway Government Pension Fund – Global 611 1990 Oil 10 Oman State General Reserve Fund 8.2 1980 Oil and Gas 1 Oman Oman Investment Fund n.a. 2006 Oil n.a. Papua New Guinea Papua New Guinea Sovereign Wealth Fund n.a. 2011 Gas n.a. Qatar Qatar Investment Authority 100 2005 Oil 5 Russia National Welfare Fund 149.7 2008 Oil 5 Saudi Arabia SAMA Foreign Holdings 532.8 n.a. Oil 4 Saudi Arabia Public Investment Fund 5.3 2008 Oil 4 Trinidad & Tobago Heritage and Stabilization Fund 2.9 2000 Oil 8
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