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Sovereign Wealth Funds International Forum wraps up two-day meeting in Baku

09 October 2009 16:15 (UTC +04:00)

Baku. Rashad Suleymanov â€“ APA-Economics. The International Forum of Sovereign Wealth Funds (IFSWF) has wrapped up its inaugural meeting held in Baku, Azerbaijan on October 8-9, 2009, hosted by the State Oil Fund of the Republic Azerbaijan (SOFAZ) and the Government of the Republic of Azerbaijan.

Mr. David Murray, Chairman of Australiaâ€™s Future Fund Board of Guardians, who chairs the Forum, said the meeting in Baku was the first since the Forumâ€™s inception in April 2008.

According to him, the meeting primarily focused on the post-crisis economic situation in the world, and lessons learned from the financial crisis.

The meeting of senior representatives of Sovereign Wealth Funds (SWF) from more than 20 countries across the world reviewed developments in the global economy and financial markets.

The meeting concluded with the Baku declaration.

The International Forum of Sovereign Wealth Funds (IFSWF) was established by the International Working Group of Sovereign Wealth Funds (IWG), which met in Kuwait City on April 5-6, 2009 (see "Kuwait Declaration"). 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.