Commodity-based Sovereign Wealth Funds : Managing Financial Flows in the Context of the Sovereign Balance Sheet

Commodity-based sovereign wealth funds (SWFs) have been at a crossroads following the recent fall in commodity prices. This paper provides a framework for commodity-based SWF management, focusing on stabilization and savings funds, by (i) examining macrofiscal linkages for SWFs; (ii) presenting an i...

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Main Author: Al-Hassan, Abdullah
Other Authors: Brake, Sue, Papaioannou, Michael G., Skancke, Martin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018, 2018
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:Commodity-based sovereign wealth funds (SWFs) have been at a crossroads following the recent fall in commodity prices. This paper provides a framework for commodity-based SWF management, focusing on stabilization and savings funds, by (i) examining macrofiscal linkages for SWFs; (ii) presenting an integrated sovereign asset and liability management (SALM) approach to SWF management; and (iii) applying this framework to a scenario where assets are being accumulated and to a scenario where the SWF is drawn on to cover a financing gap due to lower commodity prices
Physical Description:35 p.
ISBN:9781484340967
1484340965