Medas, Paulo A.; Borgne, Eric Le - International Monetary Fund (IMF) - 2007
This paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro … shows that the funds' effectiveness has been hampered by lack of integration with the budget, institutional weaknesses, and … undermined fiscal policy. Funds, if well designed, could be used as a tool to support a sound fiscal framework, but should not be …