Scoring the Santiago Principles as they turn 10

The Santiago Principles have elevated governance in sovereign wealth funds – but not consistently across its membership.

Among the many crisis-related anniversaries that are passing by in October, one should not be forgotten

On October 11 it will be 10 years since a press conference at the IMF annual meeting in Washington DC unveiled the Santiago Principles, designed to reframe international perceptions of sovereign wealth funds around the world and to elevate them to a greater level of governance. 

It is a useful moment to take stock of what they did and didn’t achieve, and what ought to come next. Indeed,

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