Experiences with Oil Funds : Institutional and Financial Aspects
This study brings together detailed information on the creation, operation, and financial performance of 12 oil funds and 3 other resource funds. The report looks at various funds in Alaska, Alberta, Azerbaijan, Norway, Chad, Sao Tome Principe, Tim...
| Main Authors: | , |
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| Format: | ESMAP Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/06/7336885/experiences-oil-funds-institutional-financial-aspects http://hdl.handle.net/10986/17952 |
| Summary: | This study brings together detailed
information on the creation, operation, and financial
performance of 12 oil funds and 3 other resource funds. The
report looks at various funds in Alaska, Alberta,
Azerbaijan, Norway, Chad, Sao Tome Principe, Timor, Chile,
Nauru, Papua New Guinea, Kazakhstan, Kuwait, Oman,
Venezuela, and Russia. The purpose of the study is to
provide comparative information on the backgrounds of the
creation of these funds, the legislation used to do so, the
details of the organization and management of the funds, and
of their financial performance. The report opens with a
brief review of the reasons for establishing an oil fund and
the principal issues involved. The report then provides
detailed coverage of four oil funds where there is
substantial public information about the operation and
performance of the funds. The final chapter provides some
comparative material on the different funds and explores the
construction of a set of indicators for good practice in the
design of the funds. The appendixes contain the legislation
which created the governing funds. |
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