Sovereign solutions

As we saw last month, most governments prefer stabilisation funds over hedging to protect against oil price risks. But multilateral institutions such as the World Bank advise otherwise. By Maria Kielmas

“In such a volatile environment, there is a need for improving sovereign risk management supported by appropriate policy reforms, institutional development, and international financial support on appropriate terms and using suitable financial instruments.” This is one of the conclusions reached by a November international policy workshop in Berlin organised by the World Bank, the German Ministry of Economic Co-operation and Development, and the German Development Institute. The meeting