Qatar

September 2008 | Ratings Update

The International Working Group of Sovereign Wealth Funds (IWG) on September 2 reached a preliminary agreement on a draft set of voluntary principles to guide their investment practices, and their governance and accountability arrangements. Membership of the IWG comprises 23 countries - including Qatar - and the guidelines, due to be presented to the IMF's policy-setting committee in October, are expected to be published shortly afterwards. According to the Sovereign Wealth Fund Institute, the Qatar Investment Authority has a transparency rating of five out of 10, which is high compared to some Gulf SWFs. However, SWFs in general are to

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