The developmental role of sovereign wealth funds: A comparative study of the Norwegian fund with application to Iraq.

Sovereign wealth funds have gained increasing importance in the global financial system, as they are seen as a contributing factor in resolving financial imbalances globally, by transferring funds from surplus countries to deficit countries, in addition to being a major factor in increasing financial imbalances. Global economic integration. The future success of (sovereign wealth funds) depends on their ability to disclose, be transparent, and clearly publish their investment objectives and strategies, as well as the precise application of corporate governance to ensure that a large distance is placed between the owner of the sovereign wealth fund and the owner of the fund. Operational management, where the role of the owner is limited to setting goals, while the function of the administrative body is to determine strategy and policies. This study addressed sovereign wealth funds in terms of the concept, legal basis, and developmental role.