Harnessing Sovereign Wealth Funds in Emerging Economies toward Sustainable Development

A comprehensive study of SWFs and their challenges with governance issues, showing how they can contribute to sustainable development.

Mona Mostafa El-Sholkamy (Author), Mohammad Habibur Rahman (Author)

9781009198189, Cambridge University Press

Paperback / softback, published 4 August 2022

75 pages
22.8 x 15.2 x 0.1 cm, 0.138 kg

Sovereign Wealth Funds are government investment vehicles that have been present for decades. They are usually characterized by minimum information disclosure, however, this situation differed after worldwide events shed light on the role they possess to mitigate their downturns. The substantial economic influence they bring along due to their size and long term impact have recently created an uproar of debate that eventually led to the ratification of the Santiago Principles. The Principles set the stage for governing SWFs' operations and grant them more clarity. They also contribute to a more stable environment for cross-border investment flows. With the importance of SWFs, emerging economies also rose as key institutional investors; only this time they called for harnessing their funds towards sustainable development investment strategies. Despite pressuring need to improve transparency and governance structures of SWFs in EMs, the former are regarded as promising means for achieving the sustainable development goals.

1. Introduction
2. Types of Sovereign Funds
3. The Proliferation of SWFs
4. Governance of SWFs
5. Asset Accumulation and Investment Strategies of SWFs
6. SWFs and Emerging Economies/Markets (EMs)
7. SWFs Investments in Sustainable Development
8. EMs as Institutional Investors.

Subject Areas: Economics [KC]