Delegation headed by Executive Director of the State Oil Fund of the Republic of Azerbaijan Shahmar Movsumov is participating at the third meeting of the International Forum of Sovereign Wealth Funds (IFSWFs) held on May 11-13, 2011, in Beijing, China.

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