Sovereign Wealth Funds: A preliminary assessment of the experience of the Development Fund for Iraq

Abstract

Came the growth of corporate entity for sovereign wealth funds Sovereign Wealth Funds (SWFs), in response to the strong current in the accumulation of foreign assets of the formal sector or the government at the global level. And notes that the emergence of these funds, which commonly use the conventional SWFs since 2005 is not new, especially in countries rich in natural resources and those related to oil in particular. In spite of that, those funds may have come to represent a pattern prevalent in the investment of government resources and financial assets in emerging-market economies in the present day. As well as in countries that glandular development based on exports of raw materials, non-oil and enjoy at the same time a large surplus in the balance of payments.