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) on September 2 reached a preliminary agreement on a draft set of principles and practices for recommendation to their respective governments. The Generally Accepted Principles and Practices for Sovereign Wealth Funds (GAPP) is a voluntary framework that would guide the appropriate governance and accountability arrangements, as well as the conduct of appropriate investment practices by SWFs. Read press release.
What's New
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.