B20 Taskforce ‘Investment and Infrastructure’ presented recommendations to G20 leaders

Press release, 06.09.2013
In September 2013 during the G20 summit in St. Petersburg the B20 Taskforce ‘Investment and Infrastructure’, led by the Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev, compiled a set of recommendations to stimulate infrastructure investments and job creation. These recommendations were included in the White Book, presented to the G20 leaders during the event. The recommendations include:
 
1) Identifying and removing restrictions on the free flow of capital (inflow and outflow) to reinforce cross-border investments - joint investment platforms created between G20 countries provide an additional stimulus to international investment flows.
 
2) Stimulating private investment in infrastructure and other real economy assets. Includes proposing the establishment of a $200 million G20 Project Preparation Fund for pilot projects which foster capital market financing of real economy assets. The fund’s key objective would be to prepare high-quality project documentation to attract private investors. This is key to securing the necessary future levels of financing required for infrastructure projects – forecasts suggest the world will need to invest approximately $60 trillion in infrastructure to achieve projected GDP growth by 2030.
 
3) Encouraging the application of global best practices to increase productivity in infrastructure and green energy investments. Includes the development of a Moscow-based Infrastructure Productivity Institute which would study how to improve efficient investment in infrastructure. These measures could help to achieve significant savings when investing in infrastructure projects. Increasing the efficiency of capital use in infrastructure projects alone could globally save up to 1 trillion USD each year.
 
The development of the White Book brought together representatives from leading investment banks, sovereign and pension funds, leading transnational companies, international financial institutions and consulting companies. Among them: Deutsche Bank, Skandinaviska Enskilda Banken, Blackstone, TPG, BlackRock, Franklin Templeton, One Equity Partners, Macquarie Group, Wellcome Trust, China Investment Corporation, Kuwait Investment Authority, Japan Bank for International Cooperation, Caisse des Depots Group, Canada Pension Plan Investment Board, The Boston Consulting Group (BCG), McKinsey & Company, Metlife, Alcoa, World Bank, EBRD, International Finance Corporation (IFC), International Chamber of Commerce, World Economic Forum and others.
 
 
Kirill Dmitriev, CEO of RDIF, said:
“These recommendations will help to stimulate private investment in infrastructure projects. Together with our partners RDIF continues to assess numerous opportunities based on the recommendations from the ‘Investments and Infrastructure’ Taskforce. These include construction of toll roads and railways, airport infrastructure and oil pipelines.”
 
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The Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity investments primarily in the Russian Federation. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.
 
For more information please contact:
Maria Medvedeva, 
RDIF Press Secretary 
Mobile phone: +7964726 1773 
E-mail: mm@rdif.ru