International Forum of Sovereign Wealth Funds

Sovereign Wealth Fund (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments and formed from natural resource revenues. The term sovereign wealth fund was first used in 2005.

The International Working Group of Sovereign Wealth Funds (IWG) announced the establishment of the International Forum of Sovereign Wealth Funds (IFSWF) at the meeting held on April 5-6, 2009 in Al-Kuwait, capital of Kuwait.

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) cooperates with other SWFs within the framework of IFSWF. IFSWF is a voluntary group of SWFs, which meets to exchange views on issues of common interest, facilitate an understanding of the Santiago Principles (SP) and SWF activities. The inaugural meeting of IFSWF was held in Baku, Azerbaijan on October 8-9, 2009 and it was hosted by SOFAZ and the Government of the Republic of Azerbaijan. According to the Principle 24 of SP, SOFAZ prepared its first self-assessment report on the implementation of SP in 2011 and intends to review it on an annual basis.

SOFAZ_self-assessment report on the implementation of SP