OECD Still Open to Sovereign Wealth Fund Investments

[ILJ_Digest]

The Organization for Economic Co-Operation and Development (OECD) responded to the controversy surrounding investments by government-owned Sovereign Wealth Funds (SWFs) by releasing a report stating its commitment to remain open to such investments as long as they are commercially rather than politically motivated. The report responds to concerns among OECD member countries that such funds will be used for political purposes. It also sought to deal with fears among the oil-producing and export-focused Asian nations that operate SWFs that recipient nations will use political concerns as a means to impede legitimate SWF commercial activities. For more information, please click here.