The International Monetary Fund’s executive board is expected on Friday to bless the staff’s effort to create a voluntary code of “best practices” to guide sovereign wealth funds, giving a political boost to the efforts.
On a request from the Group of seven nations – U.S., Germany, Italy, Japan, Britain, France and Canada — the IMF has been trying to put together a kind of voluntary code of conduct that would help sovereign wealth funds convince skeptical politicians in Europe and the U.S. that the funds are investing for commercial rather than political reasons
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Wednesday, March 19, 2008
Economics Blog : IMF: Moving Ahead on Sovereign Wealth Funds
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