Strategic Investment Funds: Establishment and Operations (Paperback or Softback)

Divakaran, Shanthi

ISBN 10: 1464818703 / ISBN 13: 9781464818707

Published by World Bank Publications 7/21/2022, 2022

About this Item

Strategic Investment Funds: Establishment and Operations.

Seller Inventory # BBS-9781464818707

Bibliographic Details

• Title: Strategic Investment Funds: Establishment and Operations (Paperback or Softback)
• Publisher: World Bank Publications 7/21/2022
• Publication Date: 2022
• Language: English
• ISBN 10: 1464818703
• ISBN 13: 9781464818707
• Binding: Paperback or Softback
• Condition: New
• Weight: 2.37 pounds
• Book Type: Book

About this title

Synopsis

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.

About the Author

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.