African central banks most likely to manage sovereign wealth fund

FX reserve management, currency supply remain leading functions in most jurisdictions

Central banks rarely oversee sovereign wealth funds (SWFs) in their countries. SWF oversight is, however, more common with institutions from Africa, the Governance Benchmarks 2024 finds.

Of the 46 institutions that provided data on their oversight functions, just eight (17.4%) central banks mentioned overseeing SWFs. This makes SWFs the least common area of operations for respondents.

Four of those that oversee SWFs are from Africa, out of a total of eight African respondents. Two each are

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