Sovereign funds improving transparency, many still fall short -study | Reuters

Sovereign funds improving transparency, many still fall short -study | Reuters:

"Sovereign wealth funds (SWFs) have made progress in transparency and accountability since 2007, but many still fall short of what the citizens of their country or the international community should expect, according to a think-tank study.

The paper, authored by Sarah Stone and Edwin Truman under the auspices of the Washington-based Peterson Institute for International Economics, assessed 60 funds and nine government pension funds, then scored them on elements such as governance, structure, transparency, accountability and behaviour.

The average score for the 60 SWFs was 62 percent while the government pension fund average score was 87 percent, according to the study, whose results were released on Friday."



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