Asia SWFs to resist pressure for emergency funding

Governments around Asia Pacific are agonising over how best to cover the cost of the economic fallout from the ongoing Covid-19 pandemic. One option several governments in the region have is to tap the assets of their sovereign investment funds. While this would be an extraordinary measure, it would not be unprecedented: Ireland and Norway both did so with their sovereign wealth funds during the global financial crisis in 2008-2009. And SWFs in oil-rich countries appear likely to …