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Finance Minister Ismael Benavides (pictured) says Peru may use its $44 billion in foreign reserves and tax revenue to create a sovereign wealth fund to pay for investments in infrastructure and education before the current government’s term ends in July.
Benavides reports that the fund will be similar to Chile's, established in 2006 to store windfall profits from surging copper prices.
A 2008 study says Peru needs $37.8 billion of investment to improve its infrastructure and boost foreign trade and tourism.
