Proposed Model For Sovereign Wealth Funds And Their Role In Promoting Sustainable Development In Iraq.

Iraq is one of the rentier economies as it suffers from changes in crude oil prices because there is no sovereign fund that maintains the wealth of the national economy, because most rentier countries rely on financing their budgets on oil revenues mainly and often exposed those revenues to fluctuations as a result of changes in oil prices in the international market, so the, The research found that oil is a depleted wealth and at the same time is the wealth of generations must be preserved from waste by using its revenues in a way that helps the optimal allocation of resources as the main sector to achieve development in the Iraqi economy, and preferably there are precautions to absorb the negative effects of oil price shocks in the world oil markets through the diversification of total exports that are the gross domestic product of the Iraqi economy and the diversification of public revenues and the establishment of a sovereign wealth fund in Iraq. [ABSTRACT FROM AUTHOR]

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