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Sovereign Wealth Funds Briefing - Categorized | Market

BRICS Making a Bank, RDIF Gets Involved

Posted on 16 July 2014

The Russian Direct Investment Fund, or RDIF, will create a multi-billion dollar infrastructure investment fund together with sovereign wealth funds from the BRICS group of developing countries. he joint fund will invest in the equity capital of BRICS infrastructure projects, the RDIF said Monday on its website, adding that its international partners had pledged their support to the initiative. If final negotiations are successful, the RDIF said the fund should be active by the next BRICS summit in the Russian city of Ufa in summer 2015.
Created in 2011 to provide a partner for foreign investors looking for opportunities in Russia, the state-sponsored RDIF says it and its co-investors have invested $5 billion in Russian projects, and lured $12 billion of foreign capital to Russia through long term strategic partnerships………………………………………..Full Article: Source


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