Executive directof of the State Oil Fund of the Republic of Azerbaijan Shahmar Movsumov participated at the seventh meeting of the International Forum of Sovereign Wealth Funds (IFSWF), held on September 29-30, 2015, in Milan, Italy.

IFSWF advanced on its commitments made in Doha in 2014 by discussing the knowledge sharing among IFSWF members, investment and risk management practices, as well as making progress on its internal governance issues. Forum selected its new Board members (Abu Dhabi Investment Authority, Qatar Investment Authority, GIC Private Limited and China Investment Corporation) and also announced that 9th annual meeting in 2017 will be hosted by JSC Samruk-Kazyna in Kazakhsan. The event in 2016 will be hosted by the New Zealand Superannuation Fund in Auckland.

The International Forum of Sovereign Wealth Funds (IFSWF) was established by the International Working Group of Sovereign Wealth Funds (IWG), meeting in Kuwait City on April 5-6, 2009 and had its first inaugural meeting in Baku on October 8-9, 2009. IFSWF is a voluntary group of Sovereign Wealth Funds (SWFs), which meets, exchanges views on issues of common interest and facilitates an understanding of the Santiago Principles and of SWF activities.