OECD countries stay open to commercial investments by sovereign wealth funds
OECD countries are committed to keeping their investment frontiers open to sovereign wealth funds (SWFs) as long as these funds invest for commercial, not political ends. That is the message in a letter from OECD Secretary-General Angel Gurría to G7 Finance Ministers detailing a common OECD position on policies towards sovereign wealth funds.
A newly published OECD report, “Sovereign Wealth Funds and Recipient Country Policies”, recognises that “sovereign wealth funds bring benefits to home and host countries.” Mr. Gurría will present its findings at meetings of the International Monetary Fund (IMF) and World Bank in Washington, where he will also underline OECD support for the IMF’s work on best practices for SWFs.
_small.GIF){kind=small}
Long abstract