The meeting between Darkhan Kaletayev, Managing Director for Communications of Samruk-Kazyna JSC, and Duncan Bonfield, Head of the Secretariat of the International Forum of Sovereign Wealth Funds (IFSWF) was held in London.
During the meeting, D. Kaletayev and D. Bonfield signed the Memorandum of Understanding concerning matters related to preparation and hosting of an annual meeting of the International Forum of Sovereign Wealth Funds in 2017 in Astana by Samruk-Kazyna JSC (hereinafter - the Fund).
The Fund became a member of IFSWF in 2014. Following the results of the voting of the IFSWF members in Milan in 2015 the Fund was awarded to host an annual meeting of the IFSWF in 2017 in Kazakhstan. Representatives of the 30 largest world’s sovereign wealth funds will participate in the forum.
The annual meeting of the IFSWF is prestigious and unique platform for the exchange of ideas and opinions between Funds and other stakeholders on risk management, investment regimes and market conditions that affect the investment activities in the country. IFSWF meeting in Astana will become a significant event for Kazakhstan and Samruk-Kazyna JSC.
The International Forum of Sovereign Wealth Funds is a global network of sovereign wealth funds established in 2009 with headquarter in London. The main purpose of the IFSWF is to exchange views on issues of common interest and to facilitate an understanding of sovereign wealth funds' activities and of the Santiago Principles. Members of this international association are 30 sovereign wealth funds, including Khazanah Holding (Malaysia), Korea Investment Corporation, China Investment Corporation, The Australian Government Future Fund,GIC Private Limited (Singapore), Qatar Investment Authority, etc.As part of its work IFSWF contributes to the development and maintenance of transparent and stable investment environment, thereby maintaining four guiding objectives underlying the Santiago Principles: 1. To help maintain a stable global financial system and free flow of capital and investment; 2. To comply with all applicable regulatory and disclosure requirements in the countries in which SWFs invest; 3. To ensure that SWFs invest on the basis of economic and financial risk and return-related considerations; and 4. To ensure that SWFs have in place a transparent and sound governance structure that provides adequate operational controls, risk management, and accountability.