Rebuilding America: The Role of Foreign Capital, Sovereign Wealth Funds and Global Public Investors
Sovereign wealth funds, foreign government employee pension funds and foreign currency reserve funds control trillions of dollars in assets and are projected to maintain significant growth over the next decade. In today’s volatile global financial environment, the investment strategies of these global public investors will impact capital flows and influence markets around the world. Despite their growing salience in the international economy, many U.S. policymakers and political leaders have only a partial understanding of the investment practices, objectives, management and governance of global public investors.
On March 11, Brookings hosted a public forum that looks beyond current paradigms of foreign direct investment in the United States to explore new models of how state investment entities, including sovereign wealth funds, state-owned operating companies, and other public investors, might produce returns and ease U.S. budgetary shortfalls. Governance Studies Vice President and Director Darrell West presented key findings from a Brookings report about the economic, regulatory and political implications of foreign direct investment in the United States and the potential opportunities.
After the program, speakers took audience questions.
On March 11, Brookings hosted a public forum that looks beyond current paradigms of foreign direct investment in the United States to explore new models of how state investment entities—including sovereign wealth funds, state-owned operating companies, and other public investors—might ease U.S. budgetary shortfalls.
Senior Vice President
Managing Director, Goldman Sachs Group, Inc.
Managing Member, Zwirn Family Interests, LLC
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It is extremely unlikely that the Taliban will have access in the immediate term to the SDRs [special drawing rights] in a usable form — meaning the ability to access them and exchange them for dollars, euros or otherwise. If the Taliban becomes both the de facto and de jure government of Afghanistan, in full control of the instrumentalities of power, then it will be difficult for the IMF to deny them access to the SDRs. But that does not mean that there won’t be huge efforts to avoid that outcome.