Peterson Institute publications
The Peterson Institute for International Economics is a private, nonprofit, nonpartisan
research institution devoted to the study of international economic policy. More › ›
RSS News Feed Search

Policy Brief 13-19

Progress on Sovereign Wealth Fund Transparency and Accountability: An Updated SWF Scoreboard

by Allie E. Bagnall, Peterson Institute for International Economics
and Edwin M. Truman, Peterson Institute for International Economics

August 2013

View full document [pdf]


Economists and the financial world have grown increasingly excited about or alarmed by the growing influence of sovereign wealth funds (SWFs), though in recent years the public debate about their role has subsided. Politicians in countries in which the funds invested have generally welcomed the additional financial resources from abroad while expressing concern about the motivations of investors and possible threats to political, economic, and financial security. Countries in which the funds were based have wanted to know more about how their national wealth is invested. Responding to these concerns, authorities and managers responsible for SWFs in many countries have taken steps to demystify the funds. This update on the transparency and accountability of SWFs, based on the SWF scoreboard first developed by Truman in 2007, finds that many of the funds have made substantial progress in providing more information about and accountability for their activities, but that the progress has not been uniform and more is needed.


RELATED LINKS

Policy Brief 08-3: A Blueprint for Sovereign Wealth Fund Best Practices April 2008

Policy Brief 07-6: Sovereign Wealth Funds: The Need for Greater Transparency and Accountability August 2007

Book: Sovereign Wealth Funds: Threat or Salvation? September 2010

Book: A Strategy for IMF Reform February 2006

Book: From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World October 2015

Op-ed: Failure at the Financial Stability Board November 30, 2015

Working Paper 15-16: Further Statistical Debate on "Too Much Finance" October 2015

Policy Brief 15-15: Fiscal Tightening and Economic Growth: Exploring Cross-Country Correlations September 2015

Testimony: The Role of Bankruptcy Reform in Addressing Too Big To Fail July 29, 2015

Policy Brief 14-23: Why Bail-In Securities Are Fool’s Gold November 2014

Op-ed: A Dose of Reality for the Dismal Science April 19, 2013

Op-ed: Five Myths about the Euro Crisis September 7, 2012

Policy Brief 12-18: The Coming Resolution of the European Crisis: An Update June 2012

Book: Resolving the European Debt Crisis March 2012

Policy Brief 11-15: Sustainability of Greek Public Debt October 2011

Testimony: The Euro Area Crisis: Origin, Current Status, and European and US Responses October 27, 2011