Medas, Paulo A.; Borgne, Eric Le - International Monetary Fund (IMF) - 2007
undermined fiscal policy. Funds, if well designed, could be used as a tool to support a sound fiscal framework, but should not be …This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal … policy objectives, namely, protecting the budget from high revenue volatility and strengthening fiscal prospects. Evidence …