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The government approved important changes to the money in the Silver Fund

The best alternative for investing the Silver Fund's funds is to deposit them in a separate account at the Bulgarian National Bank

Jan 8, 2025 16:06 46

The government approved important changes to the money in the Silver Fund  - 1

With its decision, the government adopted the long-term investment policy of the State Fund for Guaranteeing the Sustainability of the State Pension System (the so-called Silver Fund) and the medium-term strategy for investing its funds for the period 2025 - 2027.

The two documents were approved by the Fund's management board and provide for the preservation of the conservative approach to asset management applied so far, while adhering to the principles of reliability, liquidity and transparency. This ensures the minimization of negative effects and manifestations of volatility on international capital markets. This corresponds to the current market environment and leads to avoiding the risk of reducing the Fund's resources, which is unacceptable from the point of view of its main function.

The best alternative for investing the Silver Fund's resources is their deposit in a separate account with the Bulgarian National Bank or other instruments on accounts in it, as has been the case until now.

The strategic documents adopted by the Council of Ministers will be updated annually, in accordance with economic development, market indicators and changes in the parameters of the state pension system, made as a result of legal changes.