Strategic Investment Funds : Opportunities and Challenges
Over the past 15 years, the number of government-sponsored strategic investment funds has grown rapidly in countries at all income levels. This paper identifies some of the challenges that these funds face in their endeavor to achieve economic poli...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/10/26843274/strategic-investment-funds-opportunities-challenges http://hdl.handle.net/10986/25168 |
| Summary: | Over the past 15 years, the number of
government-sponsored strategic investment funds has grown
rapidly in countries at all income levels. This paper
identifies some of the challenges that these funds face in
their endeavor to achieve economic policy objectives while
also securing commercial financial returns—the so-called
double bottom line. Through the review of the objectives,
investment strategies, and operations of a sample of
strategic investment funds, this paper outlines ways in
which these challenges have been addressed. The paper
suggests that properly structured and managed strategic
investment funds can be effective vehicles for crowding in
private investors to priority investments, thus magnifying
the impact of public capital. However, their success rests
on the funds' ability to balance policy and commercial
objectives, source investment opportunities, and secure the
right fund management capacity. |
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