The New Guidelines for SWFs: What's Behind?
Structural shift in world financial order
On 11 October 2008, the International Working Group of Sovereign Wealth Funds (IWG) released the Generally Accepted Principles and Practices (GAPP) that would guide the governance and accountability framework of sovereign wealth funds (SWFs). The IWG was set up in May 2008 in the wake of widespread fears across the western world that investments by SWFs are largely influenced by strategic and political objectives rather than commercial interests. By Kavaljit Singh
The fears sparked a heated debate within the western world about the extent to which SWFs should be allowed to invest in domestic markets ...
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>>> Using SWFs for Self-Financing Development? A developmental view on sovereign wealth funds
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