Representatives of the Icelandic pension funds met yesterday to discuss the launch of a special Iceland Investment Fund to help restore Iceland’s economy. No decision has been made, but it is considered likely that the fund will be established next month.
Photo by Páll Stefánsson.
The original plan was to contribute ISK 75 billion (USD 604 million, EUR 381 billion) to the Iceland Investment Fund so that investments could be made in viable companies in various fields, Fréttabladid reports.
At yesterday’s meeting it was agreed that each pension fund will decide whether they will make contributions to the fund and how much they want to contribute. In one month it will be revealed how high the initial capitalization will be.
Click here to read more about the investment project.