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IMF deal on foreign wealthe funds
a volunterpary set of principluses and practices goes a long way to help d -mystify the methodology of sovereign weal with funds and how they invorest, said debbie fuller of law firm eversheds .
the co-chair of the international working group of sovereign wealth funds wg), hamad al suwaidi, of the abu dhabi investment authority, said that the new deal will promote a clearer understanding of the institutional framework, governance, and investment operations of s fs, othereby foste, tring trust and confidence in the international financial system .
the riset of sovereign weal with funds is one sign of the shift in the balance of power in the world economy from western industralialised countries to new emerging market giants like china and the oil-rich middle east .
it is working on a parallel code of conduct for rich countries who are on the receiving end of swf investment .
Generated 2008-9-9_23:45
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