Sovereign Wealth Funds - A Work Agenda
Policy Papers, February 29, 2008
Source details
- Canonical URL
- Sovereign Wealth Funds - A Work Agenda
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Bibliographic details
- Published: February 29, 2008
- Series: Policy Papers
Summary and definition
- Sovereign Wealth Funds (SWFs) are government-owned investment funds, set up for a variety of macroeconomic purposes.
- SWFs are commonly funded by the transfer of foreign exchange assets that are invested long term, overseas.
- SWFs are not new; some of the longer-established funds—for example those of Kuwait, Abu Dhabi, and Singapore—have existed for decades.
Drivers and recent trends
- High oil prices, financial globalization, and sustained, large global imbalances have resulted in the rapid accumulation of foreign assets particularly by oil exporters and several Asian countries.
- As a result, the number and size of SWFs are rising fast and their presence in international capital markets is becoming more prominent.
Policy relevance and subject areas
- Relevant areas identified on the page: Exchange rate policy surveillance, Global financial stability report, Governance, Sovereign debt, Transparency.
- The page is presented as a Policy Paper and is associated with IMF work on SWFs.
Publication and access notes
- Publication date: February 29, 2008
- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.
Source: Sovereign Wealth Funds - A Work Agenda — International Monetary Fund.
Content in this bundle
- Sovereign Wealth Funds—A Work Agenda; February 29, 2008