Tag: Sovereign wealth fund

Economy and TradingGovernment

US Treasury Arranges $20 Billion Debt Support Package for Argentina Amid Market Crisis

The US Treasury is reportedly arranging a $20 billion private-sector debt facility to help Argentina meet upcoming payments, according to Treasury Secretary Scott Bessent. This comes alongside a separate $20 billion currency swap line announced last week as markets remain volatile. The intervention has temporarily stabilized Argentine bonds and the peso, though political uncertainty persists.

US Treasury Announces New Argentina Debt Support

The US Treasury is arranging a $20 billion private-sector facility to help Argentina meet upcoming debt payments, according to Treasury Secretary Scott Bessent. Sources indicate the package would be funded by private banks and sovereign wealth funds, with many reportedly expressing interest in participating.

by Desai Priyanka
BusinessInfrastructure

Mongolia’s Sovereign Wealth Fund Seeks Data Center Development Partners

Mongolia’s $1.4 billion sovereign wealth fund is actively courting data center developers to capitalize on the country’s favorable climate and available clean energy. The initiative includes developing special economic zones as part of the massive Hunnu City smart city project outside Ulaanbaatar.

Mongolia’s sovereign wealth fund is actively pursuing data center development opportunities, leveraging the country’s vast land resources and favorable climate conditions to attract international investors. The Chinggis Khaan Sovereign Wealth Fund, named after the legendary Genghis Khan, sees significant potential in transforming Mongolia into a regional hub for digital infrastructure.

Strategic Advantages for Data Center Development

by Desai Priyanka