oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

The delegation headed by SOFAZ Executive Director takes part at the annual meeting of the International Forum of Sovereign Wealth Funds

26 Sep 2023 17:42:00

The delegation headed by SOFAZ Executive Director takes part at the annual meeting of the International Forum of Sovereign Wealth Funds

26 Sep 2023 17:42:00

The fifteenth annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF) is currently taking place on September 24-27 in Madrid, Spain. The delegation led by the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) Israfil Mammadov is participating at the meeting.

This meeting, hosted by COFIDES from Spain under the theme "Investing in Transition" features a diverse program that includes various presentations and panel discussions covering topics such as investors’ approach against the background of growing disruptive megatrends, finding and creating opportunities in the Energy Transition, the impact of inflation on the financial markets and the global economy, co-investment partnerships between Sovereign Development Funds and other financial institutions, as well as the critical role of cybersecurity and artificial intelligence in the process of digital transformation.

The 14th Annual Meeting of the International Forum of Sovereign Wealth Funds was organized by SOFAZ in Baku on November 14-17.

The International Forum of Sovereign Wealth Funds 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.

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