17.10.2008 - International framework needed to govern SWFs, says Carnegie Endowment
From Bi-me.com: The financial interdependence that sovereign wealth funds (SWFs) created between the West and the Arab world could help stabilise multilateral relations and promote economic development and political stability in the Middle East, concludes a new paper from the Carnegie Middle East Center, based in Beirut. Sven Behrendt studies the rise of Arab SWFs, assesses their investment strategy, and evaluates the policies of Arab investors and Western nations. He also analyses the political implications of policy initiatives, such as the International Working Group of Sovereign Wealth Funds convened by the IMF, which agreed to new voluntary principles and investment practices in Washington last Saturday..... Full Article: Source