Sovereign immunity protects rulers from liability for civil wrongs, but individual representatives can still be held accountable. Governments can waive immunity, and citizens can use lawsuits to challenge the law and force the government to address problems. However, reliance on sovereign immunity can draw the ire of citizens, especially in disputed cases. Sovereign immunity is […]
Sovereign credit is credit available to a nation to finance government activities, determined by financial resources and economic conditions. Credit ratings are established by third parties and based on factors such as total debt, economic health, and political activities. Governments cannot file for bankruptcy and may default on debt or renegotiate it. Access to credit […]
Sovereign wealth funds are investment accounts made up of surplus funds separate from a nation’s fiscal reserves. They can come from various sources and are invested as a hedge against a nation’s usual source of income. They are of strategic importance, and some nations have enacted laws limiting foreign investment. Some funds are operated by […]
