Does Selangor Need a Sovereign Wealth Fund?

Sarawak’s Sovereign Wealth Fund was launched in 2022, to “to safeguard and invest the State's funds for the future generations of Sarawak.”But what exactly is a sovereign wealth fund? How does it work? And if it’s a useful tool or institution, would a state like Selangor—Malaysia’s most populous state with the highest GDP — benefit from one too? We speak to Geoffrey Williams, who’s an economist.Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.