Government announces plans for new sovereign wealth fund

Monday, 22 June 2026AI summary
Government announces plans for new sovereign wealth fund
Photo: Observador

Prime Minister Luís Montenegro has announced the creation of a sovereign wealth fund intended to allow the state to invest in strategic sectors. While the government has presented the fund as part of a broader entrepreneurial agenda, the proposal has faced criticism from some observers who question the lack of specified funding and the state's capacity to generate the necessary revenue.