Search Results for sovereign-wealth-fund
Abstract
Sovereign wealth funds are among the most important financial instruments used by rentier economies to manage financial surpluses generated from the exploitation of natural resources, particularly oil, with the aim of achieving macroeconomic stability and enhancing long-term financial sustainability. The importance of these funds is particularly pronounced in economies characterized by a high degree of dependence on oil revenues, given the cyclical fluctuations these revenues are subject to due to changes in global oil prices. This research aims to conduct a comparative analysis of sovereign wealth fund models in a number of rentier economies. This research also aims to analyze the current state of oil surplus management in Iraq and assess the challenges facing the effective utilization of these surpluses within an institutional and investment framework. The research employs a descriptive, analytical, and comparative approach, analyzing leading international experiences in sovereign wealth fund management and evaluating their potential application in developing a suitable model for the Iraqi economy. Furthermore, the research analyzes the relationship between oil surplus management and economic stability, considering potential future scenarios for global oil markets.
Abstract
The research aims to clarify and define sovereign wealth funds and their importance in preserving oil wealth revenues for the future while ensuring their equitable distribution for the future of future generations, as well as proposing an objective vision or drawing an integrated picture of the possibility of creating a sovereign fund for Iraq by preparing the general structure of the fund with the creation mechanism for that All of the justifications for the creation of an Iraqi sovereign fund and its importance and the objectives of the Iraqi sovereign fund were mentioned, as well as the possibilities of employing sovereign wealth funds in managing the financial crisis in Iraq. Economic represented by restructuring public spending in favor of investment spending, activating the role of non-oil revenues in financing the budget and addressing corruption, which is a structural factor that must be addressed.