Sovereign Wealth Funds in the Pacific Island Countries.

This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal policy objectives, namely, protecting the budget from high revenue volatility and strengthening fiscal prospects. Evidence shows that the funds' effectiveness has been h...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Medas, Paulo A.
Otros Autores: Le Borgne, Eric
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2007.
Colección:IMF Working Papers.
Temas:
Wealth > Islands of the Pacific > Management.
Fiscal policy > Islands of the Pacific.
Finance, Public > Islands of the Pacific.
Richesse > Pacifique, Îles du > Gestion.
Politique fiscale > Pacifique, Îles du.
Finances publiques > Pacifique, Îles du.
Finance, Public
Fiscal policy
Pacific Ocean > Islands of the Pacific
Acceso en línea:Texto completo
Descripción
Sumario:This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal policy objectives, namely, protecting the budget from high revenue volatility and strengthening fiscal prospects. Evidence shows that the funds' effectiveness has been hampered by lack of integration with the budget, institutional weaknesses, and inadequate controls. These factors, together with weak asset management, have sometimes led to substantial financial losses and undermined fiscal policy. Funds, if well designed, could be used as a tool to support a sound fisca.
Notas:A.2. Structure of the Marshall Islands and Micronesia Sovereign Wealth Funds.
Descripción Física:1 online resource (31 pages)
ISBN:9781451913132
1451913133

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