The Generally Accepted Principles and Practices for sovereign wealth funds were agreed upon in 2008 in Santiago, Chile. However, despite its innate riches, Latin America has lagged other regions in establishing and mobilising sovereign wealth funds. Neither has the continent followed other regions in innovating on the sovereign wealth fund model.
To understand this issue, the International Forum of Sovereign Wealth Funds has partnered with the Fondo Latinoamericano de Reservas and the Fletcher School of Law and Diplomacy at Tufts University to investigate why these types of institutions have not been prominent in the region’s development.
In this report, we reimagine Latin American development finance and strategic investment for the 21st century and suggest that – in the current macroeconomic and geopolitical environment – a second generation of sovereign wealth funds could supercharge the region’s economic development and security.
The report is available in English, Spanish, and Portuguese. You can download it from the links below.