Closing the GAPP

By Ashby Monk

By all accounts, the IWG meetings in Santiago were a success. The IMF appears to have brokered an agreement on a series of Generally Accepted Principles and Practices for SWFs. Apparently, SWFs, such the CIC, who were previously sceptical have had a change of heart.

As I suggested in my post on Tuesday morning, this will be a positive development for the CIC. As with many new SWFs, the CIC still has some institutional hurdles to jump.  Improving governance practices cannot help but have positive impacts on these institutions’ performance.

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About

This website is a project of Professor Gordon L. Clark and Dr. Ashby Monk of the School of Geography and the Environment at the University of Oxford. Their research on sovereign wealth funds is funded by the Leverhulme Trust and The Rotman International Centre for Pension Management.

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