July 13, 2021
As the majority of governments stepped in to support local economies and plug fiscal deficits, over half of the sovereigns in the Middle East region saw drawdowns, compared with a third globally. Of these 78 percent were from liquidity sovereigns and 58 percent from investment sovereigns. Middle East sovereign funds built large liquidity reserves following the global financial crisis, allowing them to fund both short term demands and take advantage of future opportunities.
Read the original article on Zawya: More than half of Middle East sovereigns saw drawdowns in 2020: Invesco