Key Takeaways
- • The Government of Gibraltar says it will respond to all 35 questions posed by GSD MP Mr Clinton on the proposed Gibraltar Sovereign Wealth Fund during the next sitting of Parliament.
- • Chief Minister Fabian Picardo KC MP characterised the fund as a positive initiative for long-term financial security and future generations, and accused the opposition GSD of alarmist messaging.
- • The source provides no fund size, capitalisation, investment mandate, governance structure or timeline, so the substance of the questions and answers remains unknown.
Summary
The Government of Gibraltar has said it will answer all 35 questions submitted by Mr Clinton of the Gibraltar Social Democrats (GSD) regarding the Gibraltar Sovereign Wealth Fund at the next sitting of Parliament, according to a government statement reported by Your Gibraltar TV.
In its statement, HM Government of Gibraltar said it noted Mr Clinton's stated intention to raise the questions at the upcoming sitting. The government said answering them would ensure that citizens and taxpayers have accurate information about the fund, and that the public are not misled or unnecessarily concerned by what it described as the GSD's alarmist approach.
Chief Minister Fabian Picardo KC MP said he looked forward to setting out the benefits of the fund for the community and for long-term financial security. He called on Mr Clinton to support the initiative and expressed hope that it would produce strong results for Gibraltarians, particularly future generations.
The publicly available statement does not disclose the fund's capitalisation, funding sources, investment strategy, governance arrangements or launch timetable. Those details are expected to be addressed when the questions are answered in Parliament.
In its statement, HM Government of Gibraltar said it noted Mr Clinton's stated intention to raise the questions at the upcoming sitting. The government said answering them would ensure that citizens and taxpayers have accurate information about the fund, and that the public are not misled or unnecessarily concerned by what it described as the GSD's alarmist approach.
Chief Minister Fabian Picardo KC MP said he looked forward to setting out the benefits of the fund for the community and for long-term financial security. He called on Mr Clinton to support the initiative and expressed hope that it would produce strong results for Gibraltarians, particularly future generations.
The publicly available statement does not disclose the fund's capitalisation, funding sources, investment strategy, governance arrangements or launch timetable. Those details are expected to be addressed when the questions are answered in Parliament.
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