14.01.2009 - EU executive says SWFs still welcome

From Reuters: It is too early to tell if internationally agreed guidelines for sovereign wealth funds work, but there is no evidence that state-backed money pools have abused their positions, a top EU official said on Tuesday. The International Monetary Fund agreed the so-called Santiago principles with sovereign wealth fund countries last year to instill best practices in their operations and avert a protectionist backlash..... Full Article: Source

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