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010   $a9786613825735
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100   $a20090811d2007      uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
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183   $acr
200 10$aSovereign wealth funds in the Pacific Island countries$b[electronic resource] $emacro-fiscal linkages /$fprepared by Eric Le Borgne and Paulo Medas
210   $a[Washington, D.C.?] $cInternational Monetary Fund$d2007
215   $a1 online resource (31 p.)
225 1 $aIMF working paper ;$vWP/07/297
300   $a"December 2007."
300   $aAt head of title: Fiscal Affairs Department.
311   $a1-4518-6860-X 
320   $aIncludes bibliographical references (p. 24-25).
327   $aContents; 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 Countries
327   $aB. 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, 1990-2004
327   $aA.2. Structure of the Marshall Islands and Micronesia Sovereign Wealth Funds
330   $aThis paper looks at the role Sovereign Wealth Funds have played in the Pacific Island Countries in achieving key macro-fiscal policy objectives, namely, protecting the budget from high revenue volatility and strengthening fiscal prospects. Evidence shows that the funds' effectiveness has been hampered by lack of integration with the budget, institutional weaknesses, and inadequate controls. These factors, together with weak asset management, have sometimes led to substantial financial losses and undermined fiscal policy. Funds, if well designed, could be used as a tool to support a sound fisca
410  0$aIMF working paper ;$vWP/07/297.
606   $aWealth$zIslands of the Pacific$xManagement
606   $aFiscal policy$zIslands of the Pacific
606   $aFinance, Public$zIslands of the Pacific
608   $aElectronic books.
615  0$aWealth$xManagement.
615  0$aFiscal policy
615  0$aFinance, Public
700   $aLe Borgne$b Eric$0873380
701   $aMedas$b Paulo A$0866814
712 02$aInternational Monetary Fund.$bFiscal Affairs Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464591103321
996   $aSovereign wealth funds in the Pacific Island countries$91949655
997   $aUNINA