## Setting Up a Sovereign Wealth Fund: Some Policy and Operational Considerations

_IMF Working Papers, August 1, 2009_

## Source details

**Canonical URL:** [Setting Up a Sovereign Wealth Fund: Some Policy and Operational Considerations](https://www.imf.org/en/publications/wp/issues/2016/12/31/setting-up-a-sovereign-wealth-fund-some-policy-and-operational-considerations-23205)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/setting-up-a-sovereign-wealth-fund-some-policy-and-operational-considerations-23205/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/setting-up-a-sovereign-wealth-fund-some-policy-and-operational-considerations-23205/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/31/setting-up-a-sovereign-wealth-fund-some-policy-and-operational-considerations-23205/bundle-manifest.json)

## Bibliographic details
- Authors: Christian B. Mulder, Amadou N Sy, Miss Yinqiu Lu, Udaibir S Das
- Published: August 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451873269.001

---

### Summary
- This paper offers a policy and operational "roadmap" to policymakers considering setting up an SWF.
- It is also targeted at policymakers in countries with existing SWFs to review existing policies and operations.
- The paper identifies areas where research in macroeconomics and finance should further assess the adequacy of existing practice related to setting up and managing SWFs.
- Policymakers should optimally consider both their sovereign assets and liabilities together with their macroeconomic objectives when setting up an SWF.

### Authors and Publication
- By Christian B. Mulder, Amadou N Sy, Miss Yinqiu Lu, Udaibir S Das
- Publication date: August 1, 2009
- Series: Working Paper No. 2009/179
- Issue: 179
- Volume: 2009
- Pages: 21
- DOI: https://doi.org/10.5089/9781451873269.001
- Stock No: WPIEA2009179
- ISBN: 9781451873269
- ISSN: 1018-5941

### Core Policy and Operational Considerations (as described)
- Provide a "roadmap" framework for establishing an SWF addressing both policy and operational dimensions.
- Use the framework to review and potentially reform existing SWF policies and operations.
- Integrate sovereign assets and liabilities into the planning process for an SWF.
- Align SWF design with macroeconomic objectives.

### Research Gaps and Further Work
- The paper highlights the need for additional research in macroeconomics and finance to evaluate whether existing practices for setting up and managing SWFs are adequate.
- Practical considerations in SWF design and management often outpace theoretical research; addressing these gaps is a priority.

*IMF Working Papers — "Setting Up a Sovereign Wealth Fund: Some Policy and Operational Considerations" (Working Paper No. 2009/179)*

---

## Content in this bundle

- **Setting up a Sovereign Wealth Fund: Some Policy and Operational Considerations**
  - [Setting up a Sovereign Wealth Fund: Some Policy and Operational Considerations (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp09179.pdf.md){rel="alternate" type="text/markdown"}
  - [Setting up a Sovereign Wealth Fund: Some Policy and Operational Considerations (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp09179.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/setting-up-a-sovereign-wealth-fund-some-policy-and-operational-considerations-23205_