This policy note is motivated by a recent international conference hosted by the Mongolian Ministry of Finance and the World Bank in Ulaanbaatar on 20-21 March 2013. International guests joined Mongolian government officials, Members of Parliament and civil society to discuss what lessons could be gathered from international experience to guide the design of an effective Sovereign Wealth Fund (SWF). Experiences of natural resource management were shared between practioners from Mongolia and Norway, Chile, Botswana, Timor-Leste, Trinidad and Tobago and Abu Dhabi.
Details
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Author
Lee,Taehyun, Smith, Gregory
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Document Date
2013/05/09
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Document Type
Working Paper
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Report Number
77699
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2013/05/15
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Disclosure Status
Disclosed
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Doc Name
Effective sovereign wealth fund management in Mongolia : what principles apply?
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Keywords
Natural Resources;natural resource revenue;fiscal policy;Fiscal policies;Oil & Gas;Oil and Gas;Economic Policy;Natural Resource Management;fiscal discipline;financial asset;petroleum revenue;sovereign wealth management;risk management purposes;external fund managers;portfolio of investment;energy sector revenues;managing natural resources;public debt limit;degree of transparency;iron ore;significant challenge;fiscal surplus;investment policy;mineral revenue;public debate;mining revenue;civil society;government spending;human capital;financial return;good performance;oil revenue;contingent liability;long-term benefits;precious metal;international reserve;economic stability;contingent liabilities;long-term investment;real return;operational issues;government borrowing;Private Equity;standing committee;fiscal instrument;market downturn;political consensus;national wealth;incremental process;Soda Ash;fiscal space;infrastructure funds;physical asset;saving decisions;financial risk;Macroeconomic Management;long-term interest;public support;Macroeconomic Stability;energy deficit;Resource Curse;energy revenue;budget revenue;commodity market;domestic economy;oil boom;national gdp;diversified portfolio;fiscal obligation;minimum pension;budget deficit;smoothing mechanisms;pension liabilities;fiscal deficit;copper price;
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Citation
Lee,Taehyun Smith, Gregory
Effective sovereign wealth fund management in Mongolia : what principles apply (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/166901468274260143/Effective-sovereign-wealth-fund-management-in-Mongolia-what-principles-apply