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Old Royalties Fund has pending projects despite coming liquidation

Wednesday, February 6th, 2013 Category: Regulations & Policy

Business newspaper Portafolio reported that Paula Acosta, deputy director of National Planning Department (DNP), said the National Royalties Fund has 1,000 pending projects amounting to US$727B, even though after the royalties reform Legislative Act was issued, the government decided to liquidate it next December. (This is the fund for the old distribution scheme.)

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