24.03.2016 - Sovereign Funds: Fiscal Framework, Governance and Investment
Since the global financial crisis of 2008-2009 and the slowdown of economic growth globally, popular demands for ad hoc use of sovereign wealth to support growth has grown visibly. New funds continue to be created as both the sector and its assets grow. Yet to prevent rapid dissipation of sovereign wealth as fiscal resources for countercyclical fiscal policy, clear fiscal rules and fiscal frameworks are needed to complement the governance structure and investment strategy. Sovereign Funds draws on industry practitioners, industry observers and academics to present the latest thinking on state-owned investment funds from a global perspective. With exclusive insights, case-study chapters and in-depth sectoral analysis, the contributors assess the present state of sovereign wealth funds offer signposts for future development. (Press Release)
Print