Why is IMF meddling with sovereign wealth?

Author: Nicholas Pettifer | Published: 27 Mar 2008

Last week's IMF announcement stating that it is developing best practice guidelines for sovereign wealth funds has received a muted response.

"The current economic climate is a perfect storm for political discussion to happen in public. The IMF is a voice in the discussion, but a relatively small voice," said John Douglas, regulatory partner at Paul Hastings Janofsky & Walker.

"I'm not belittling it, but the...

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