IWG Co-chairs: Jaime Caruana, Director of IMF's Monetary and Capital Markets Department, and Hamad al Suwaidi, Under Secretary of Finance of Abu Dhabi and a Director of the Abu Dhabi Investment Authority.
The International Working Group of Sovereign Wealth Funds (IWG) presented the Santiago Principles to the International Monetary Fund's policy-guiding International Monetary and Financial Committee on October 11, 2008. The IWG made public the set of 24 voluntary Principles and related explanatory material and announced it has established a Formation Committee to explore the creation of a Standing Group of Sovereign Wealth Funds.
Generally Accepted Principles and Practices for Sovereign Wealth Funds
What's New 
- Statement made by Director General Martin Skancke, Asset Management Department, Royal Norwegian Ministry of Finance—October 11, 2008
- Statement by the Finance Minister of Trinidad and Tobago on the Santiago Principles—October 14, 2008
- Statement by Mr. Eric Parrado in representation of the Minister of Finance of Chile, Andres Velasco, on Sovereign Wealth Funds—October 11, 2008
- Statement by the Deputy Minister for International Affairs of Korea on the Santiago Principles—October 11, 2008
Members
Australia
Azerbaijan
Bahrain
Botswana
Canada
Chile
China
Equatorial Guinea
Iran
Ireland
Korea
Kuwait
Libya
Mexico
New Zealand
Norway
Qatar
Russia
Singapore
Timor-Leste
Trinidad & Tobago
The United Arab Emirates
The United States
Permanent Observers
The OECD, Oman, Saudi Arabia, Vietnam and the World Bank.
Co-Chairs
Hamad al Suwaidi
Under Secretary of Finance of Abu Dhabi and a director of the Abu Dhabi Investment Authority (ADIA).
Jaime Caruana
Director of the IMF's Monetary and Capital Markets Department.