{
  "title": "Sovereign Wealth Funds - A Work Agenda",
  "publication": "Policy Papers, February 29, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/sovereign-wealth-funds-a-work-agenda-pp4234",
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  "summary": "Sovereign Wealth Funds (SWFs) are becoming increasingly important in the international monetary and financial system, attracting growing attention. SWFs are government-owned investment funds, set up for a variety of macroeconomic purposes.",
  "sections": [
    {
      "heading": "Summary and definition",
      "content": "- Sovereign Wealth Funds (SWFs) are government-owned investment funds, set up for a variety of macroeconomic purposes.\n- SWFs are commonly funded by the transfer of foreign exchange assets that are invested long term, overseas.\n- SWFs are not new; some of the longer-established funds—for example those of Kuwait, Abu Dhabi, and Singapore—have existed for decades."
    },
    {
      "heading": "Drivers and recent trends",
      "content": "- 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.\n- As a result, the number and size of SWFs are rising fast and their presence in international capital markets is becoming more prominent."
    },
    {
      "heading": "Policy relevance and subject areas",
      "content": "- Relevant areas identified on the page: Exchange rate policy surveillance, Global financial stability report, Governance, Sovereign debt, Transparency.\n- The page is presented as a Policy Paper and is associated with IMF work on SWFs."
    },
    {
      "heading": "Publication and access notes",
      "content": "- Publication date: February 29, 2008\n- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.\n\nSource: Sovereign Wealth Funds - A Work Agenda — International Monetary Fund.\n\n---\n\n Content in this bundle\n\n- Sovereign Wealth Funds—A Work Agenda; February 29, 2008\n  - Sovereign Wealth Funds—A Work Agenda; February 29, 2008 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sovereign Wealth Funds—A Work Agenda; February 29, 2008 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/sovereign-wealth-funds-a-work-agenda-pp4234"
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    "Published: February 29, 2008",
    "Series: Policy Papers",
    "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.",
    "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.",
    "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 date: February 29, 2008",
    "The IMF eLibrary offers over 25,000 IMF publications in multiple formats.",
    "**Sovereign Wealth Funds—A Work Agenda; February 29, 2008**"
  ],
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