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
DOI:
https://doi.org/10.25007/ajnu.v8n1a323Abstract
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.
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