Strategic Investment Funds : Establishment and Operations
Strategic investment funds (SIFs) have gained prominence over the past two decades as governments and other public sponsors globally have increasingly co-opted the investment fund model to further policy objectives. Since 2000, more than 30 SIFs have been formed at the national level, typically...
| Main Authors: | , , , , |
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| Published: |
Washington, DC: World Bank
2022
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| Subjects: | |
| Online Access: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099613406162214370/idu0ddbf82f70fcd204f920beec04821bc68f6e3 http://hdl.handle.net/10986/37557 |
| Summary: | Strategic investment funds (SIFs) have gained prominence over the
past two decades as governments and other public sponsors globally
have increasingly co-opted the investment fund model to further policy
objectives. Since 2000, more than 30 SIFs have been formed at the national
level, typically to boost economic growth through infrastructure or small
and medium enterprise investment.
In the current COVID-19 pandemic environment, governments have
frequently turned to sovereign investment vehicles to address the
economic effects of the pandemic, echoing the emergence of new SIFs in
the aftermath of the global financial crisis. However, SIFs are not devoid
of challenges, and the setup and operation of such funds can be fraught
with risks, particularly in contexts of weaker governance, inadequate rule
of law, and limited financial market regulation. The intent of Strategic
Investment Funds: Establishment and Operations is to provide guidance
to practitioners and policy makers considering a SIF model where little
widely available, practice-based experience has been documented and
disseminated. The book provides a reference for policy makers who
are creating or strengthening the operations of SIFs, particularly as
governments examine the value of such funds as a policy instrument
in the aftermath of the COVID-19 pandemic. |
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