Sovereign Wealth Funds and Their Role in Financing the Economies of the Oil States of Iraq and the Kurdistan Region: A Proposed Mechanism for Financial Sustainability for 2030

  • Samir F. Niema Department of Economics, Nawroz University, Kurdistan region of Iraq
  • Hivi A. Sabri Department of Economics, University of Zakho, Kurdistan Region of Iraq

Abstract

Sovereign wealth funds refer to the state-owned investment portfolio, which is responsible for managing the government's wealth and financial reserves. It serves as the supporting mechanism and investment arm of any economic project, enhancing the state's ability to make optimal use of revenues and securing the future of future generations. Provided that there is sound management of these oil revenues and a development strategy based on appropriate planning in the case of abundance and scarcity, achieving the financial sustainability of these countries over time. The Sovereign Sovereign seeks to protect the economy from severe shocks resulting in fluctuations in the internal and external balance of payments in order to achieve financial sustainability by maximizing surplus financial returns and contributing to the monetary authorities to absorb the unwanted liquidity to finance economic and social development programs. Time of scarcity and disability to achieve long-term sustainable growth, achieving the principle of equitable distribution of wealth among future generations.

Published
2019-03-24
How to Cite
NIEMA, Samir F.; SABRI, Hivi A.. Sovereign Wealth Funds and Their Role in Financing the Economies of the Oil States of Iraq and the Kurdistan Region: A Proposed Mechanism for Financial Sustainability for 2030. Academic Journal of Nawroz University, [S.l.], v. 8, n. 1, p. 296-310, mar. 2019. ISSN 2520-789X. Available at: <http://journals.nawroz.edu.krd/index.php/ajnu/article/view/323>. Date accessed: 17 june 2019. doi: https://doi.org/10.25007/ajnu.v8n1a323.
Section
Articles