Sven Behrendt
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Beyond Santiago: Status and Prospects
Implementation of the Santiago Principles is highly uneven and there is still far to go if sovereign wealth funds are to be responsible members of the global economy.
Source: Central Banking

The purpose of the Santiago Principles is to identify a framework of generally accepted principles and practices that reflect appropriate governance and accountability arrangements, as well as prudent investment practices by sovereign wealth funds. Three aspects relating to the Santiago Principles warrant closer examination and will be discussed in this article: first, why did sovereign wealth funds find it necessary to develop and associate themselves with the Santiago Principles? Second, what is the status of the principles as a new approach to global financial governance? And third, how robust are the Santiago Principles and can they contribute to a stable global financial system and a free flow of capital and investments?
About the Author
Former Visiting Scholar, Middle East Center
Behrendt is an expert in global issues, international negotiations, conflict resolution, and corporate strategy. He previously served at the World Economic Forum in various management positions.
- Sovereign Wealth Funds and the Santiago Principles: Where Do They Stand?Paper
- Sovereign Wealth Funds: The Governance ChallengeArticle
Sven Behrendt
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