Baku:The 2028 Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) is set to take place in Baku. The State Oil Fund of Azerbaijan (SOFAZ) will host the event, as reported by APA-Economics.

According to Azeri-Press news agency, the decision to hold the meeting in Baku was made following a vote during the IFSWF's 18th Annual Meeting, which took place in Athens, Greece, from November 11 to 13.

The 2028 event will align with the 20th anniversary of the Santiago Principles' adoption, which governs the activities of sovereign wealth funds. SOFAZ, a founding member of the Forum, has been an active participant in its activities since its inception.

The International Forum of Sovereign Wealth Funds was established in 2009 with the goal of fostering cooperation among sovereign wealth funds, facilitating experience exchange, and promoting international investment practices. The Forum's activities are guided by the 24 Santiago Principles, focusing on transparency, accountability, and effective governance.