Kiribati wealth fund lost $US20m to US-China trade war – Finance Minister

The flag of Kiribati. Picture: RNZ

Kiribati’s Finance Minister says the trade war between the US and China has cost the country’s sovereign wealth fund $US20 million. Teuea Toatu made the comments when opening the Kiribati 2019 budget this week, which freed up spending of $US163 million. Kiribati’s Revenue Equalization Reserve Fund passed over one billion dollars, ($US730m), for the first […]

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