sovereign wealth funds and their role in achieving sustainable development goals

Document Type : Original Article

Author

Associate Professor of Political Economy and Financial Law Faculty of Law, Ain Shams University

Abstract

The research dealt with the issue of sovereign wealth funds and their role in achieving sustainable development goals, as it reviewed the concept of sovereign funds and the jurisprudential differences around them, and the research showed the types of these funds, whether in terms of resources or purpose. Then the research reviewed the strategy, patterns and trends of investments made by these funds. The modern research singled out the concept of sustainable development and its objectives, and then the link between these objectives and the investments of sovereign wealth funds and the extent to which they achieve these objectives. The research reviewed the principles of Santiago governing the investments of sovereign funds, the extent of the funds' commitment to them, and the determinants of transparency. The research concluded with a study of the provisions of the law regulating the Sovereign Fund of Egypt and some notes on it.

The conclusion that can be reached from the previous presentation is that investments in long-term market assets such as infrastructure, real estate, agriculture, venture and human capital, and equities, are the most impactful strategies to support the SDGs. And that despite the assets of sovereign wealth funds around the world exceeding trillions of dollars, the portion directed to support the sustainable development goals is still modest due to several factors and reasons, including: the failure to develop financial market tools in most countries, and also prevents investment strategies in some sovereign funds from entering into High-risk investments or their cost is high.

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International Journal of Doctrine, Judiciary and Legislation
Volume 3, Issue 3
Issue 3, 2022
October 2022
Pages 739-783

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