Using SWFs for Self-Financing Development?

Cotton Made in Africa: A Field Report by Roger Peltzer

Our new website address:
www.wdev.eu

Home Mission Statement Subscriptions Sample Copies Services Blogs Background Links Archives

Volume 2010

Volume 2009

Volume 2008

Volume 2007

Volume 2006

Special Features

Special Reports

LOGIN

For subscribers only

My WDEV

Show shopping cart

Proceed to check-out

My account

Monitoring G8 Europe Global The New South UN Reform Global Finance Doha Final

Using SWFs for Self-Financing Development?

A developmental view on sovereign wealth funds

A remarkable feature of the international financial system in the last decade has been the rapid and vast accumulation of foreign-exchange reserves by developing countries. World foreign reserves tripled from $2.1trillion in December 2001 to an unprecedented $6.5trillion in early 2008, according to IMF data. By Stephany Griffith-Jones, José Antonio Ocampo and Pietro Calice

Developing countries as a whole accounted for more than 80% of global reserve accumulation during this period, and their current level of reserves approaches $5trillion. Half of this volume is concentrated in developing Asia, but Latin America and Africa have also been amassing international assets at a remarkable pace. This pool of reserves surpasses developing countries’ immediate liquidity needs, leading to their increased creation and expansion of sovereign wealth funds, which have an additional level of assets of more than $3trillion ...

... this article comes up in Issue 5/Sep-Oct 2008 and is for subscribers only. For direct log in >>> click here. If you have no subscription >>> pick your option or >>>

... buy the article here >>>

Quantity: item

Add to My WDEV.

More on the subject:
>>> WDEV Dossier: The Global Crisis and the South

From Accra to New York to Doha / The Global Dam Industry: Lessons to Learn

Top of page

Imprint General Terms and Conditions RSS Feeds Site Map

WDEV Recent Issues

Issue 3/May-Jun 2010
Minister Niebel's Leitmotiv: German Interests + Greece's Baltic Future + World Bank and Gender + Trade Union Rights
Issue 2/Mar-Apr 2010
Making the MDGs More Sustainable + Lisbon Treaty and EU Development Cooperation + Reconciling and Livestock Production? + The IMF's Green Fund
Issue 1/Jan-Feb 2010
The Superiority of the Financial Transaction Tax + Global Unemployment on Record Levels + New Beginning in European Development Policy? + Clean Development for the South
Issue 6/Nov-Dev 2009
Global Economic Prospects for 2010 + Does Copenhagen Really Matter? + Quo Vadis, German Development Cooperation? + Mapping Social Protection in South Asia
Issue 5/Sep-Oct 2009
A New Exchange-Rate Management + Dams and Corruption + World Bank Promotes Land Grab + ODA and Low Tax Countries
www.wdev.eu

WDEV Highlights

Pressure on Workers Grows as Crisis Hits Jobs
The ITUC's Annual Survey of Trade Union Rights has documented a dramatic increase in the number of trade unionists murdered in 2009, with 101 killings - an increase of 30% over the previous year. The new Survey also reveals growing pressure on fundamental workers' rights around the world as the impact of the global economic crisis on employment deepened.
Minister Niebel's Leitmotiv: "German Interests"
Barely in office, German development minister Dirk Niebel unambiguously mapped out the road: he wants to ensure that development cooperation once again focuses on German interests. This position provoked-probably intentionally-protest from the greater part of the German development community.
The Baltic Future of Greece
Latvia and Estonia show us what Greece may look forward to if it follows the advice it gets from the International Monetary Fund (IMF) and the European Union. As noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25% of GDP, a recent study shows.
Greece: A European Crisis Needs European Solutions
A group of economists has written an open letter to European policymakers criticising their collective failure to address the Greek crisis as a European crisis. It sets out the various causes of the Greek crisis, of which poor fiscal management by that country is only one, and points out the European dimension of the problems. It calls for decisive and coordinated policies by European and national actors to stem the crisis.
IEG Evaluated World Bank's Gender Support
The evaluation of the Independent Evaluation Group (IEG) of the World Bank's support for gender issues between 2002 and 2008 is of significant relevance in the light of the Beijing+15 review and the launching of gender mainstreaming as crucial strategy for all institutions and organizations.