Hidden Bibliographic Details
| Other authors / contributors: | Medas, Paulo A., author.
International Monetary Fund. Fiscal Affairs Department, Issuing body.
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| ISBN: | 1283513285
9781283513289
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references (pages 24-25).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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 fiscal framework, but should not be seen as a substitute for fiscal reforms.
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| Other form: | Print version: Le Borgne, Eric. Sovereign wealth funds in the Pacific Island countries. [Washington, D.C.?] : International Monetary Fund, 2007
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