The 15th meeting of the International Forum of Sovereign Wealth Funds will be held next year in Madrid, Spain, Advisor to the Executive Director of the State Oil Fund (SOFAZ) Bahruz Bakhramov said ahead of the 14th meeting of the forum in Baku, Report informs.
IFSWF was established at the International Working Group of Sovereign Wealth Funds meeting held on April 5-6, 2009, in Al-Kuwait and held its first official meeting in Baku on October 8-9 of the same year. IFSWF is a voluntary group, the main purpose of which is to exchange ideas on issues of common interest of Sovereign Funds, to facilitate the understanding of the Santiago principles and the activities of Sovereign Funds.