The Finance Ministry and the Bank of Thailand yesterday agreed not to tap the country's foreign reserves to establish a sovereign wealth fund, easing market concerns about government interference in the central bank.
The proposal, initiated by the ministry, would look to invest some of the country's US$180 billion (5.6 trillion baht) in foreign reserves in higher-performing assets other than low-yielding government bonds.
The proposal, initiated by the ministry, would look to invest some of the country's US$180 billion (5.6 trillion baht) in foreign reserves in higher-performing assets other than low-yielding government bonds.
