SWFs have become a key player in the new financial landscape, OECD Ministers noted, and agreed that protectionist barriers to foreign investment would hamper growth.
SWFs have become a key player in the new financial landscape OECD Ministers noted and agreed that protectionist barriers to foreign investment would hamper growth.
The findings of a report prepared by the Investment Committee on SWFs shows that these funds bring benefits to home and host countries and that existing OECD investment instruments are well suited to develop guidance for countries receiving investments from SWFs.
The OECD investment instruments also recognise the right of countries to take actions to protect national security.
Participants of the report agreed on a number of key principles – transparency and predictability, proportionality and accountability – that should guide governments when they design and implement investment measures to address national security concerns. These principles should also apply when dealing with investments from SWFs.
Declaration on SWFs and Recipient Country Policies
Chair's Summary
Investment Committee Report on Sovereign Wealth Funds (SWFs) and Recipient Country Policies
© OECD
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article