Setting Up a Sovereign Wealth Fund: Some Policy and Operational Considerations

22 Pages Posted: 19 Oct 2009

See all articles by Udaibir Das

Udaibir Das

International Monetary Fund (IMF)

Yinqiu Lu

International Monetary Fund

Christian Mulder

International Monetary Fund (IMF) - Policy Development and Review Department

Amadou Nicolas Racine Sy

International Monetary Fund (IMF) - International Capital Markets Department; Brookings Institution

Multiple version iconThere are 2 versions of this paper

Date Written: August 15, 2009

Abstract

This paper offers a policy and operational "roadmap" to policymakers considering setting up an SWF. It should also be of interest to policymakers in countries where SWFs are already in place, to review their existing policies and operations. Finally, it offers an opportunity to identify areas where research in macroeconomics and finance should give further answers as to the adequacy of existing practice related to the setting up and management of SWFs, an area where practical considerations often lead theoretical research. For instance, policymakers should optimally consider both their sovereign assets and liabilities together with their macroeconomic objectives, when setting up an SWF.

Keywords: Financial assets, Fiscal management, Fiscal policy, Fiscal stability, Investment, Investment policy, Public investment, Public sector savings, Reserves, Reserves adequacy, Sovereign wealth funds, Stabilization funds

JEL Classification: E6, G2

Suggested Citation

Das, Udaibir and Lu, Yinqiu and Mulder, Christian and Sy, Amadou Nicolas Racine, Setting Up a Sovereign Wealth Fund: Some Policy and Operational Considerations (August 15, 2009). IMF WP/09/179, Available at SSRN: https://ssrn.com/abstract=1489652 or http://dx.doi.org/10.2139/ssrn.1489652

Udaibir Das

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Yinqiu Lu

International Monetary Fund ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Christian Mulder

International Monetary Fund (IMF) - Policy Development and Review Department ( email )

700 19th St. NW
Washington, DC 20431
United States

Amadou Nicolas Racine Sy (Contact Author)

International Monetary Fund (IMF) - International Capital Markets Department ( email )

700 19th Street NW
Room 9-548
Washington, DC 20431
United States
202-623-8651 (Phone)
202-589-8561 (Fax)

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
194
Abstract Views
1,270
rank
86,735
PlumX Metrics