Sovereign Wealth Funds: Current Institutional and Operational Practices

ByPeter J Kunzel, Cornelia Hammer, Iva Petrova

November 1, 2008

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of the SWF (i.e., their original intent) as well as its legal personality. Thus, while SWF practices will continue to evolve, the fundamental objectives of different types of SWFs will continue to shape their practices going forward.

Subject: Accounting standards, Financial statements, Institutional arrangements for revenue administration, Investment policy, Legal support in revenue administration

Keywords: a number of SWFs, management, reserve fund, rule, swf, WP

Pages:
22
Volume:
2008
DOI:
https://doi.org/10.5089/9781451871128.001
Issue:
254
Series:
Working Paper No. 2008/254
Stock No:
WPIEA2008254
ISBN:
9781451871128
ISSN:
1018-5941

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