Dr Angela Cummine comments on a Saudi blueprint for a post-oil economy
Angela Cummine has been quoted in an article for the website Al-Monitor entitled 'Saudis refine blueprint for post-oil economy'. The article relates to Deputy Crown Prince Mohammed bin Salman's recent announcement of Saudi Arabia's plan to launch a National Transformation Program to shape the kingdom’s economy for the post-oil period.
Angela was quoted as saying “The key to creating and running an effective, efficient sovereign fund is clarity of mission. The fund’s purpose must be clearly articulated and set out in legislation. The state agencies responsible for setting the fund’s mandate and monitoring performance should not be the same as those running the fund’s daily operations and investing its assets.”
The full article can be read here: http://www.al-monitor.com/pulse/originals/2016/04/saudi-public-investment-fund-strategy-challenges-income.html#