Third in a series of papers on the role of Sovereign Funds (SFs) in the Pacific Islands, this report suggests a 'reference portfolio' approach as a benchmark governance choice for Pacific Island funds

This report summarises the research that has been undertaken on Sovereign Funds in the Pacific and draws out key findings, lessons and opportunities for funds to move closer to “best practice”.

Politics in Timor-Leste is always engaging and colourful, and the lead-up to the 2017 presidential election on March 20 is no exception.

With billions of dollars’ worth of natural gas and oil on its doorstep, Timor-Leste needs to successfully utilise those resources and invest in sustainable economic growth if it is to continue development in the medium- to long-term future.

Sovereign Funds (SFs) are often the largest single asset owner and investor in the Pacific Islands, and the income stream from these funds can also be a large part of fiscal revenues.