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The Political Economy of Natural Resource FundsOld Fund, New Mandate: Saudi Arabia’s Public Investment Fund (PIF)

The Political Economy of Natural Resource Funds: Old Fund, New Mandate: Saudi Arabia’s Public... [In Saudi Arabia, Crown Prince Mohammad bin Salman has initiated major reforms to the kingdom’s sovereign wealth management strategy, by restructuring the country’s Public Investment Fund (PIF), through the Kingdom’s Vision 2030. The crown prince’s proposed reforms are meant to transform one of the most conservative autocracies in the world into a force for global and regional development. These planned changes are unique in Saudi Arabia’s history in that they aim to bring about unprecedented structural shifts in the kingdom’s economy and sociopolitical landscape. This chapter provides an analysis of Saudi Arabia’s new leadership’s aspiration to situate the country on the global SWF map, and a review of the factors that are contributing to shaping the Fund’s management strategies, including the role of the PIF in Vision 2030, and the broader diversification policies in Saudi Arabia.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Political Economy of Natural Resource FundsOld Fund, New Mandate: Saudi Arabia’s Public Investment Fund (PIF)

Part of the International Political Economy Series Book Series
Editors: Okpanachi, Eyene; Chowdhari Tremblay, Reeta
Bazoobandi, Sara
The Political Economy of Natural Resource Funds — Aug 14, 2021
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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-78250-4
Pages
207 –231
DOI
10.1007/978-3-030-78251-1_9
Publisher site
See Chapter on Publisher Site

Abstract

[In Saudi Arabia, Crown Prince Mohammad bin Salman has initiated major reforms to the kingdom’s sovereign wealth management strategy, by restructuring the country’s Public Investment Fund (PIF), through the Kingdom’s Vision 2030. The crown prince’s proposed reforms are meant to transform one of the most conservative autocracies in the world into a force for global and regional development. These planned changes are unique in Saudi Arabia’s history in that they aim to bring about unprecedented structural shifts in the kingdom’s economy and sociopolitical landscape. This chapter provides an analysis of Saudi Arabia’s new leadership’s aspiration to situate the country on the global SWF map, and a review of the factors that are contributing to shaping the Fund’s management strategies, including the role of the PIF in Vision 2030, and the broader diversification policies in Saudi Arabia.]

Published: Aug 14, 2021

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