The 2028 Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) will be held in Baku, hosted by the State Oil Fund of Azerbaijan (SOFAZ), APA-Economics reports.
The decision was made following a vote held during the IFSWF's 18th Annual Meeting in Athens, the capital of Greece, on November 11–13.
The event in 2028 will coincide with the 20th anniversary of the adoption of the Santiago Principles, which regulate the activities of sovereign wealth funds.
It should be noted that SOFAZ is one of the founding members of the Forum and has actively participated in the organization's activities since its establishment.
Established in 2009, the International Forum of Sovereign Wealth Funds aims to develop cooperation among sovereign wealth funds, facilitate the exchange of experience, and promote international investment practices. The Forum's activities are based on the 24 Santiago Principles, which encompass transparency, accountability, and effective governance.
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