The IMF is to call on sovereign wealth funds to volunteer more comprehensive disclosure to ease concerns about their purchasing power in the financial system. Mohsin Khan, director of the IMF’s Middle East and central Asia department, said the IMF would seek a “voluntary buy-in” to a code of conduct for more transparency from the world’s sovereign funds. Mr Khan said several Middle East states were becoming increasingly open with the IMF, creating optimism that more funds may follow the example of transparent institutions and disclose more information, easing suspicion of their motives.

This entry was posted by Helen Thomas on Tuesday, October 30th, 2007 at 5:22 and is filed under Capital markets. Tagged with IMF, SWF. Edit this entry.