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RFPI will represent Russia in the International Forum of Sovereign Funds
The Russian Direct Investment Fund (RDIF) has become the representative of Russia in the International Forum of Sovereign Funds (IFSF), an organization uniting the world's leading sovereign and state pension funds, the fund's press service reported.
During the meeting in Doha (Qatar), the leaders of the largest 28 sovereign funds signed agreements that complete the formation of IFPS as an independent professional association. The output of the IFSP from under the auspices of the IMF is associated with the growing influence of sovereign funds on the world economy and the absence of a political component in their investment activities.
The participants of the meeting agreed to more actively interact on global financial stability, prospects and potential challenges in the management of state assets, as well as compliance with the Santiago Principles, which define international standards for the management of sovereign wealth funds and the disclosure of key information.
Kirill Dmitriev, general director of the RFPI, said:
"This year's exit of the International Forum of Sovereign Funds from the IMF structure has become a landmark event, as the forum participants carry out non-political investments and focus on profitable projects. Working in this format allows for sustainable economic growth and global financial stability. Participation in the International Forum of Sovereign Funds helps the RFPI to strengthen partnerships with the leading funds of the world. "