03.02.2012 - An alternative way to hold sovereign debt
Not so long ago sovereign wealth funds (SWFs) were viewed with a good deal of mistrust. Today, while not without challenges, they are considered potential saviors for a rattled global economy. What changed? Better communication between fund managers, the investor community, and governments. Many funds have embraced the Santiago principles the code of best practices developed by the IMF and the International Forum of Sovereign Wealth Funds that address legal issues and transparency, which has led to greater comfort on the part of countries in which SWFs have investments...............................................Full Article: Source
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