Sovereign Wealth Funds in the Pacific Island Countries.

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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Bibliographic Details
Main Author: Medas, Paulo A.
Other Authors: Le Borgne, Eric
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2007.
Series:IMF Working Papers.
Subjects:
Wealth > Islands of the Pacific > Management.
Fiscal policy > Islands of the Pacific.
Finance, Public > Islands of the Pacific.
Finance, Public
Fiscal policy
Pacific Ocean > Islands of the Pacific
Online Access:Click for online access
Table of Contents:
  • I. Introduction; II. Characteristics of the Pacific Island Economies; Figures; 1. Recent Economic Developments in the Pacific Islands Countries; 2. Size and Volatility of Revenue and Grants, 1990-2004; III. Overview of the Funds; A. Objectives; B. Revenue Sources; C. Withdrawal Rules; Boxes; 1. The Withdrawal Structure of Tuvalu's Sovereign Wealth Fund; D. Governance Structure; IV. Assessment of the Funds' Effectiveness; A. Did the Funds Achieve Their Objectives?; 2. International Experience with Non-Renewable Resource Funds; 3. Expenditure Volatility in the Pacific Island Countries.
  • B.A Qualitative Assessment4. State of Public Financial Management in Selected PICs; Tables; 1. Pacific Island Countries: Sovereign Wealth Funds' Assets and Public Debt Levels; V. Conclusions and Policy Recommendations; References; A.1. Pacific Island Countries: Basic Geographic, Social, and Economic Indicators; A.2. Pacific Island Countries: Central Government Fiscal Indicators; A.3. Operational Rules of Selected Pacific Islands Sovereign Wealth Funds; A.1. PICs: Revenue Volatility and Sovereign Wealth Funds, 1990-2004.

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