| 31.08.2009 - IMF paper sounds red alert for SWFs over domestic investment |
| From Business24-7.ae: Sovereign wealth funds (SWFs) should stay away from local market, and focus on their stabilisation role in foreign markets as domestic investment could drive prices up, according to an IMF working paper. Although SWFs domestic investment could support growth in their home countries, the invested funds at home should be part of the budget to avert mismanagement of funds and damage to public spending, the paper said..............Full Article: Source |