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Sovereign Stabilization Funds and the End of the Commodities Super-cycle: What are the Challenges?

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  • Yves Jégourel

Abstract

Sovereign wealth funds, a major focus during the 2000s, should see their role strengthen as an economic «stabilizer» in the coming months, due to the fall of commodity prices. These investment vehicles must however be coordinated with the traditional fiscal policy tools and can free the government to do more or less long-term budget adjustments that the new international economic environment imposes.

Suggested Citation

  • Yves Jégourel, 2015. "Sovereign Stabilization Funds and the End of the Commodities Super-cycle: What are the Challenges?," Policy notes & Policy briefs 1523, Policy Center for the New South.
    • Handle: RePEc:ocp:ppaper:pb-1523
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    References listed on IDEAS

    as
    1. Abdullah Al-Hassan & Mr. Michael G. Papaioannou & Martin Skancke & Cheng Chih Sung, 2013. "Sovereign Wealth Funds: Aspects of Governance Structures and Investment Management," IMF Working Papers 2013/231, International Monetary Fund.
    2. Naotaka Sugawara, 2014. "From Volatility to Stability in Expenditure: Stabilization Funds in Resource-Rich Countries," IMF Working Papers 2014/043, International Monetary Fund.
    3. Mr. Ghiath Shabsigh & Mr. Nadeem Ilahi, 2007. "Looking Beyond the Fiscal: Do Oil Funds Bring Macroeconomic Stability?," IMF Working Papers 2007/096, International Monetary Fund.
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