01331nam--2200445---450-99000069682020331620050916124253.02-8011-0115-X0069682USA010069682(ALEPH)000069682USA01006968220011018d19771959km-y0itay0103----bafreFR||||||||001yyNouveaux exercices françaisMaurice Grevisse2. ed.ParisDuculotc1977319 p.23 cmCollection Grevisse2001Collection GrevisseLingua franceseEsercizi445.GREVISSE,Maurice131809ITsalbcISBD990000696820203316VI.4.D. 81(II f B COLL. 59/2)94652 L.M.II f B COLL.VI.4.D. 81a(ii f b 375)L.M.VI.4.D. 81b(II F B 375 BIS)L.M.II FBKUMAPATTY9020011018USA012322PATTY9020011018USA01232220020403USA011718PATRY9020040406USA011648COPAT39020050909USA011125COPAT39020050916USA011242Nouveaux exercices français261208UNISA05934oam 22012854 450 991097246970332120250426110944.0978661382573597814623477421462347746978145273799714527379919781283513289128351328597814519131321451913133(CKB)3360000000443565(EBL)1607680(SSID)ssj0000948647(PQKBManifestationID)11589719(PQKBTitleCode)TC0000948647(PQKBWorkID)10950393(PQKB)10649837(OCoLC)535146975(IMF)WPIEE2007297(MiAaPQ)EBC1607680(IMF)WPIEA2007297WPIEA2007297(EXLCZ)99336000000044356520020129d2007 uf 0engur|n|---|||||txtccrSovereign Wealth Funds in the Pacific Island Countries : Macro-Fiscal Linkages /Paulo Medas, Eric Le Borgne1st ed.Washington, D.C. :International Monetary Fund,2007.1 online resource (31 p.)IMF Working Papers"December 2007."At head of title: Fiscal Affairs Department.9781451868609 145186860X Includes bibliographical references (p. 24-25).Contents; I. Introduction; II. Characteristics of the Pacific Island Economies; Figures; 1. Recent Economic Developments in the Pacific Islands Countries; 2. Size and Volatility of Revenue and Grants, 1990-2004; III. Overview of the Funds; A. Objectives; B. Revenue Sources; C. Withdrawal Rules; Boxes; 1. The Withdrawal Structure of Tuvalu's Sovereign Wealth Fund; D. Governance Structure; IV. Assessment of the Funds' Effectiveness; A. Did the Funds Achieve Their Objectives?; 2. International Experience with Non-Renewable Resource Funds; 3. Expenditure Volatility in the Pacific Island CountriesB. A Qualitative Assessment4. State of Public Financial Management in Selected PICs; Tables; 1. Pacific Island Countries: Sovereign Wealth Funds' Assets and Public Debt Levels; V. Conclusions and Policy Recommendations; References; A.1. Pacific Island Countries: Basic Geographic, Social, and Economic Indicators; A.2. Pacific Island Countries: Central Government Fiscal Indicators; A.3. Operational Rules of Selected Pacific Islands Sovereign Wealth Funds; A.1. PICs: Revenue Volatility and Sovereign Wealth Funds, 1990-2004A.2. Structure of the Marshall Islands and Micronesia Sovereign Wealth FundsThis 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 shows that the funds' effectiveness has been hampered by lack of integration with the budget, institutional weaknesses, and inadequate controls. These factors, together with weak asset management, have sometimes led to substantial financial losses and undermined fiscal policy. Funds, if well designed, could be used as a tool to support a sound fiscal framework, but should not be seen as a substitute for fiscal reforms.IMF Working Papers; Working Paper ;No. 2007/297WealthIslands of the PacificManagementFiscal policyIslands of the PacificFinance, PublicIslands of the PacificBudget planning and preparationimfBudget SystemsimfBudgetimfBudgeting & financial managementimfBudgetingimfExtra-budgetary fundsimfFinanceimfFinance, PublicimfFinancial InstrumentsimfFinancial Risk ManagementimfFiscal PolicyimfFiscal policyimfInstitutional InvestorsimfMacroeconomicsimfNational BudgetimfNational Government Expenditures and Related Policies: GeneralimfNon-bank Financial InstitutionsimfPension FundsimfPublic finance & taxationimfPublic FinanceimfPublic financial management (PFM)imfSovereign wealth fundsimfMarshall Islands, Republic of theimfWealthManagement.Fiscal policyFinance, PublicBudget planning and preparationBudget SystemsBudgetBudgeting & financial managementBudgetingExtra-budgetary fundsFinanceFinance, PublicFinancial InstrumentsFinancial Risk ManagementFiscal PolicyFiscal policyInstitutional InvestorsMacroeconomicsNational BudgetNational Government Expenditures and Related Policies: GeneralNon-bank Financial InstitutionsPension FundsPublic finance & taxationPublic FinancePublic financial management (PFM)Sovereign wealth funds336Medas Paulo1815767Le Borgne Eric1815609International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910972469703321Sovereign Wealth Funds in the Pacific Island Countries4372900UNINA