A Limit to SWFs’ Benefits

Ashby Monk

As it turns out, SWFs cannot be called on to solve every problem a country faces. For example, in the case of the Maldives, President Nasheed has decided not to set up a SWF in order to buy a new country (in case his country is completely submerged due to climate change).

Previously, Mr. Nasheed indicated that his contingency plan included the creation of a new SWF (sourced from tourism revenues) that would go out and buy property and land in areas with similar cultures, such as India or Sri Lanka, that could become a new home for the 300,000 islanders.

Instead, the Maldives will try to stay afloat by going carbon neutral (which they hope will inspire other countries to do the same).

3 Responses to “A Limit to SWFs’ Benefits”


  1. 1 rien huizer October 21, 2009 at 4:22 pm

    Paradise does not last forever. A lesson other investors-for-the-future should try to understand.


  1. 1 Sovereign Wealth Funds Times » Thursday, 22 October, 2009 Trackback on October 22, 2009 at 12:34 pm
  2. 2 Did The Maldives Pretend To Set Up A SWF? « Oxford SWF Project Trackback on January 20, 2010 at 3:24 pm

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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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