23.12.2008 - SWFs and protectionism
From Thecuttingedgenews.com: In response to the rising threat of nations adopting barriers to sovereign wealth investment, 26 countries with sovereign wealth funds convened the IWG to collaborate with the International Monetary Fund, the World Bank, and the OECD in drafting the GAPP framework. The GAPP recommends 24 voluntary principles that, if adopted, will enable countries to better manage their SWFs while promoting investor confidence. Although the current financial crisis has given SWFs a boost in popularity—these days nations are happy to get capital from any source—the implementation of GAPP practices should help prevent a return to the hostile investment environment of the recent past...... Full Article: Source