SWF code a "valuable solution": IMF's Lipksy

John Lipsky, the first deputy managing director of the International Monetary Fund, has said that a voluntary code of conduct for sovereign wealth funds, provisionally agreed Tuesday, would help capital flow efficiently and promote global financial stability.

"By embracing the Generally Accepted Principles and Practices [the voluntary code of conduct], sovereign wealth funds could reduce concerns and so help mitigate the risk of protectionist pressures on their investment s and restrictions

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