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Progress on Sovereign Wealth Fund Transparency and Accountability: An Updated SWF Scoreboard

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  • Allie Bagnall

    (Peterson Institute for International Economics)

  • Edwin M. Truman

    (Peterson Institute for International Economics)

Abstract

Economists and the financial world have grown increasingly excited about or alarmed by the growing influence of sovereign wealth funds (SWFs), though in recent years the public debate about their role has subsided. Politicians in countries in which the funds invested have generally welcomed the additional financial resources from abroad while expressing concern about the motivations of investors and possible threats to political, economic, and financial security. Countries in which the funds were based have wanted to know more about how their national wealth is invested. Responding to these concerns, authorities and managers responsible for SWFs in many countries have taken steps to demystify the funds. This update on the transparency and accountability of SWFs, based on the SWF scoreboard first developed by Truman in 2007, finds that many of the funds have made substantial progress in providing more information about and accountability for their activities, but that the progress has not been uniform and more is needed.

Suggested Citation

  • Allie Bagnall & Edwin M. Truman, 2013. "Progress on Sovereign Wealth Fund Transparency and Accountability: An Updated SWF Scoreboard," Policy Briefs PB13-19, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb13-19
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    References listed on IDEAS

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    1. Edwin M. TRUMAN, 2011. "Are Asian Sovereign Wealth Funds Different?," Asian Economic Policy Review, Japan Center for Economic Research, vol. 6(2), pages 249-268, December.
    2. Edwin M. Truman, 2010. "Sovereign Wealth Funds: Threat or Salvation?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4983, October.
    3. Allie Bagnall & Edwin M. Truman, 2011. "IFSWF Report on Compliance with the Santiago Principles: Admirable but Flawed Transparency," Policy Briefs PB11-14, Peterson Institute for International Economics.
    4. Edwin M. Truman, 2007. "Sovereign Wealth Funds: The Need for Greater Transparency and Accountability," Policy Briefs PB07-6, Peterson Institute for International Economics.
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    3. Warren Clarke, 2016. "Sovereign Patent Funds: Sovereign Wealth Funds 2.0?," Global Policy, London School of Economics and Political Science, vol. 7(4), pages 577-583, November.
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    7. Simplice A. Asongu & Jacinta C. Nwachukwu & Gilbert A. A. Aminkeng, 2018. "Lessons from a Survey of China’s Economic Diplomacy," Research Africa Network Working Papers 18/009, Research Africa Network (RAN).
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    11. Megginson, William L. & Gao, Xuechen, 2020. "The state of research on sovereign wealth funds," Global Finance Journal, Elsevier, vol. 44(C).
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