Stabilisation funds
Not every state fund does the same job. We group funds two ways.
By category. Of our 231 entities, 57 are strategic development funds, 41 sub-national permanent funds, 39 savings and future generations funds, 33 state holding companies, 25 proposed or pipeline funds, 17 stabilisation funds, 8 pension reserve funds, 8 reserve investment corporations and 3 fund of funds or co-investment platforms. Many also carry a secondary category. We keep them visible because readers look for them and other lists treat them inconsistently.
By funding source. Oil and gas is the most common source, for 62 entities overall and 36 core national funds. Other groups are funded from budget surpluses, state equity and privatisation, land and royalties (the common US state model), minerals, and foreign exchange reserves. Funding source shapes everything else: how much risk a fund can take, how long it can wait and when it has to pay out.
Each type page lists the funds in that group with sources, and explains in plain words what makes the group different. Classifications that are our own reading, not the fund's own statement, are marked as such on the profile.
Stabilisation funds (17)
| Fund | Country | Type | Size, as published | Transparency | Founded |
|---|---|---|---|---|---|
| National Wealth Fund of the Russian Federation | Russia Europe | Stabilisation fund | RUB 13,194.9B Fund market value, | 8.5 | 2008 |
| Texas Economic Stabilization Fund (Rainy Day Fund) | United States (Texas) North America | Stabilisation fund | USD 24.8B Fund market value, | 4.5 | 1988 |
| Budgetary Income Stabilization Fund | Mexico Latin America and Caribbean | Stabilisation fund | MXN 136.6B Fund market value, | 5.5 | 2000 |
| Heritage and Stabilisation Fund (Trinidad and Tobago) | Trinidad and Tobago Latin America and Caribbean | Stabilisation fund | USD 6.25B Net assets or equity, | 9.0 | 2007 |
| Infrastructure, Climate and Nature Fund | Ireland Europe | Stabilisation fund | About EUR 4.1B (end 2025) Fund market value, | 8.5 | 2024 |
| Savings and Stabilization Fund (FAE), Colombia | Colombia Latin America and Caribbean | Stabilisation fund | USD 4,588.5M Total assets (balance sheet), | 5.5 | 2012 |
| Economic and Social Stabilization Fund (FEES), Chile | Chile Latin America and Caribbean | Stabilisation fund | USD 3,885.14M Fair value of state company holdings, | 9.0 | 2007 |
| Fiscal Stabilization Fund of Peru | Peru Latin America and Caribbean | Stabilisation fund | USD 3,214.38M Fund market value, | 8.0 | 1999 |
| Ghana Petroleum Funds (Ghana Stabilisation Fund and Ghana Heritage Fund) | Ghana Africa | Stabilisation fund | USD 1.64B (30 June 2026) Fund market value, | 9.0 | 2011 |
| National Fund for Hydrocarbon Revenues (Mauritania) | Mauritania Africa | Stabilisation fund | USD 214.5M Total assets (balance sheet), | 6.5 | 2006 |
| Macroeconomic Stabilization Fund of Venezuela | Venezuela Latin America and Caribbean | Stabilisation fund | USD 3M Total assets (balance sheet), | 3.5 | 1998 |
| Bhutan Economic Stabilization Fund (BESF) | Bhutan Asia | Stabilisation fund | Nu 167M Fund market value, | 1.5 | 2018 |
| Congo Budget Revenue Stabilization Fund | Republic of the Congo Africa | Stabilisation fund | FCFA 1,131M (about USD 2.0M) Total assets (balance sheet), | 1.0 | |
| Mongolia Fiscal Stability Fund | Mongolia Asia | Stabilisation fund | Not published Fund market value | 2.0 | 2010 |
| Revenue Regulation Fund (Algeria) | Algeria Africa | Stabilisation fund | DZD 0.01 Fund market value, | 3.5 | 2000 |
| Stabilization Fund of Turkmenistan | Turkmenistan Asia | Stabilisation fund | Not disclosed Estimate Published estimate, | 1.0 | 2008 |
| Taiwan National Stabilization Fund | Taiwan Asia | Stabilisation fund | NT$500B funding ceiling Committed or authorised capital, | 5.0 | 2000 |
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