The Santiago Principles are supported by International Forum of Sovereign Wealth Funds (IFSWF), to which Ithmar is an active member since 2015.
Written by the International Working Group of Sovereign Wealth Funds and approved by the IMF’s International Monetary and Financial Committee, the Santiago Principles are designed to promote good governance, accountability, transparency and prudent investment practices whilst encouraging a more open dialogue and deeper understanding of Sovereign Wealth Funds activities.
Santiago Principles’ objectives are:
- To help maintain a stable global financial system and free flow of capital and investment
- To comply with all applicable regulatory and disclosure requirements in the countries in which they invest
- To invest on the basis of economic and financial risk and return-related considerations
- To have in place a transparent and sound governance structure that provide for adequate operational controls, risk management and accountability