Investments and Infrastructure

In the year of Russia's presidency in G20 and B20, "Investments and Infrastructure" stands out as a separate B20 Taskforce noting its increasing importance for the global economy. The work of the Taskforce is driven by the mission to shape the views of global policymakers and provides a chance to have a thoughtful discussion among global business leaders around prioritized topics. As a result of these joint efforts and based on the collected views, the Taskforce will develop actionable recommendations for the G20 aligned with the G20 core agenda and Russia's priorities for G20 presidency.

"Investments and Infrastructure" is a B20 Taskforce created in light of increasing importance of infrastructure investment for the global economy. 

Based on views of the global business community representatives  -  CEOs of  the largest international corporations, investment funds and business organizations   , the Taskforce will develop actionable recommendations for the G20 aligned with the G20 core agenda and Russia's priorities for G20 presidency.

The Taskforce kick-off  meeting was held on December 12th, 2012 in Moscow and gathered at a round table the representatives of over 25 international corporations, financial institutions and business organizations. At this inaugural meeting chaired by Kirill Dmitriev, CEO of Russian Direct Investment Fund the working group discussed the role of  multilateral investments  as a source of economic growth amid continued global economic uncertainty,  ways to improve the global investment climate. Other  questions raised during the discussion included  how to more effectively evaluate investment returns, the criteria for selecting high-quality and  high-return  infrastructure opportunities,  the development of public-private partnerships and regulatory incentives for international investment

Consequently, the participants agreed on the following Taskforce focus areas for the year  :

•    Facilitation of joint cross-border investments
•    Support of multilateral infrastructure projects
•    Improvement of global investment climate
•    Identifying measures required to increase attractiveness of "Green Investments"
•    Defining  role of G20 governments and  international organizations in promoting joint investments and infrastructure projects
•    Not just free trade, but also free flow of investments

Based on  these priorities, four Taskforce subgroups were formed :

Investment climate

The topic of investment climate  is being put on the B20 agenda for the first time as it's the right time now to  to address the  issues, which create  barriers for investment, and   determine critical improvement factors in the global perspective.

Infrastructure and PPPs

Infrastructure contributes significantly to sustainable growth. It's important to analyze the global demand for infrastructure and ways to stimulate private infrastructure investments through PPP/Sustainable and profitable "green investments"
Investment in green energy is steadily growing. The working group will look into the ways to ensure financing for green investment demand and ways to incentivise those. 

Quality of investments and attractive investment returns

The working group underlines the critical role of investment productivity improvement and long term financing in driving investment growth.

 

Find more about taskforce http://www.b20.rdif.ru/

 

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Chairman: Kirill Dmitriev, CEO, Russian Direct Investment Fund

Kirill Dmitriev is CEO of the Russian Direct Investment Fund, a $10 billion fund established by the Russian government to make equity investments primarily in the Russian economy. In all of its investments, the fund is mandated to co-invest alongside some of the largest and most sophisticated investors globally – thus acting as a catalyst for direct investment in Russia.

Before being asked by the Russian government to run the fund, he was president of Icon Private Equity, a leading private equity fund with over $1 billion under management. Prior to establishing Icon, he was co-managing partner and CEO of Delta Private Equity Partners, a leading private equity fund in Russia with over $500 million under management.

Dmitriev has completed a number of landmark investments and exits, including the sale of DeltaBank to General Electric, DeltaCredit Bank to Societe Generale, CTC Media shares to Fidelity Investments, TV3 to Prof-media, National Cable Network to National Media Group.


Previously Dmitriev was an investment banker at Goldman Sachs in New York and a consultant at McKinsey & Co.


In November 2012 has been appointed Deputy Chairman of Investment Council under Chairman of the State Duma. A Young Global Leader of the World Economic Forum and past chairman of the Russian Venture Capital and Private Equity Association.  In 2011 he was the only Russian national to be named one of 100 most influential private equity professionals of the decade by Private Equity International magazine.

Mr Dmitriev holds a B.A. from Stanford University and an M.B.A. from Harvard Business School.

Сompanies

1

Abbott Laboratories

 1 copy 1

http://www.abbott.com

2

Abraaj Capital Limited

 2 copy 2

http://www.abraaj.com

3

Alcoa

 3 copy 3

http://www.alcoa.com

4

Altera Capital

 4 copy 4

http://www.alteracapital.com

5

Alupar Investments

 5 copy 5

http://www.alupar.com

6

Caisse des Dépôts Group

 6 copy 6

http://www.caissedesdepots.fr

7

China Investment Corporation

 7

http://www.china-inv.cn

8

Coca-Cola

 8 copy 8

http://www.coca-cola.ru

9

Crescent Petroleum

9 9 

http://www.crescent.ae

10

Deutsche Bank AG

10 

https://www.db.com

11

Eskihisar Group

 11 11

http://www.eskihisar.com

12

European Bank for Reconstruction and Development

 12

http://www.ebrd.com

13

Harvard Business School

 13

http://www.hbs.edu

14

IFC Asset Management Company

14 14 

http://www1.ifc.org

15

John Deere

Deere 

http://www.deere.ru

16

Kuwait Investment Authority

16 

http://www.kia.gov.kw

17

Limak Holding

 17

http://www.limak.com

18

Limak Investments

 18

http://www.limakyatirim.com

19

Macquarie Renaissance Infrastructure Fund

19 

http://www.macquarie.co.uk

20

Ministry for Economic Development

 20 20

http://www.med.govt.nz

21

Moscow Exchange

 21

http://rts.micex.ru/en

22

Moscow Government

 22

http://www.mos.ru/en/

23

Nestle

23 

http://www.nestle.com

24

Odebrecht

 24

http://www.odebrecht.com

25

Phillips

25 

http://www.philips.com

26

Repsol

 26

http://www.repsol.com

27

Russian G20 Sherpa Office

g20 copy 

http://www.g20.org

28

SIBUR

28 

http://sibur.com

29

SUN Group

 29

http://www.sungroup-global.com

30

Third Rome Investment Solutions

 30

http://third-rome.ru/english/about/

31

Verno Capital

 31

http://www.verno-capital.com

Business associations

1

The Committee on Eastern European Economic Relations

 nhghjg

http://www.ost-ausschuss.de

2

OECD

2.2 

http://www.oecd.org

3

TÜSIAD

TÜSIAD 

http://www.tusiad.org

4

U.S. Chamber of Commerce

huhuy 

http://www.uschamber.com

5

International Chamber of Commerce

 ICC logo

http://www.iccwbo.org

Partners

1

Ernst&Young

ey1-446x200-greyscale-greyscale 

http://www.ey.com

2

KPMG

jhyg 

http://www.kpmg.com

3

McKinsey

 McKinsey

http://www.mckinsey.com

4

The Boston Consulting Group

 BCG

http://www.bcg.com

Facilitation of joint cross-border investments
Following Los Cabos G20 summit in 2012 and recommendations developed by the "Trade and Investment" Taskforce, the topic of cross-border investments is put on the B20 agenda this year to develop new solutions aimed at supporting open, cross-border investment as an essential contributor to growth, development, and job creation  in the global context.

Support of multilateral infrastructure projects
Global infrastructure investment could have a profound  impact on the global economy and  is considered to be a vehicle of economic growth and job creation. A number of megatrends including natural resources supercycle, urbanization, population growth, renewables and energy efficiency, and  aging  legacy infrastructure result in a massive need for  infrastructure investment. The largest demand for infrastructure investments is still being concentrated  in Asia. Just keeping pace with projected global GDP growth will require an estimated $57 trillion in infrastructure investment between now and 2030 according to a recent study by McKinsey It is essential to create environment for private and public infrastructure financing.

Improvement of global investment climate
Global economy is looking for a growth-stimulating strategy. Investment climate needs to become more "operational" to reduce investors' uncertainty, which still remains significant with investment agencies being more positive than businesses. Despite certain successful examples, the conventional model of establishing positive investment climate is increasingly failing. Therefore a new approach and  review of stakeholders involvement  is required to drive positive change.

Identifying measures required to increase attractiveness of "Green Investments"

In 2011 global investment in renewable power and fuels increased more than six times and reached a new record of $257bn. Developing economies made up 35% of this total investment, compared to 65% for developed economies. Implementation of certain regulatory measures, such as the "green tariff" is still required to support investment inflow and development of this industry. However, investors continue to perceive "green energy" investments as risky. Focus on generating  higher returns is essential for attracting new investments to the sector. Growth in "Green energy" sector could become a catalyst for development of high-tech sectors, such as  microelectronics, biochemistry, and  nanotechnologies.

Defining role of G20 governments and international organizations in promoting joint investments and multilateral infrastructure projects

The role of governments in driving strategic partnerships between countries to create platforms for joint investment and exchange of technologies and expertise is hard to overestimate. Also Participation of international organizations will give a clear sign to investors that such initiatives are relevant and reliable.

Not just free trade, but also free flow of investments
At the St. Petersburg International Economic Forum in 2012, Vladimir Putin, the President of the Russian Federation underlined the interconnected nature of the global economy and the importance of putting fair  rules in place  to ensure sustainable growth. Being interdependent, the world's economies should be relieved from the barriers preventing to carry out transnational projects involving exchange of assets and technology.

12 December, 2012

Kick-off meeting

Taskforce kick-off meeting

RSPP headquarters,

Moscow, Russia

 

23 January, 2013 5pm

Davos TF meeting

Taskforce working session

Grischa hotel

Talstrasse 3, 7270 Davos Platz
Davos, Switzerland

 

6 March, 2013

Berlin TF meeting

Taskforce working session

The Radisson Blu Berlin hotel

Karl-Liebknecht-Strasse 3
Berlin, Germany

 

19 June, 2013

 St. Petersburg meetings

Taskforce working session and B20 Summit

St. Petersburg, Russia

 

5 September, 2013

G20 Summit

G20 Summit

St. Petersburg, Russia

B20 Taskforce on Investments and Infrastructure recommendations could attract up to module trillion to the sector

Saint Petersburg, June 20, 2013 – The Business 20 (B20) Taskforce on Investments and Infrastructure held its final session on Wednesday, June 20, at the B20 Summit at the St. Petersburg International Economic Forum. The Taskforce’s proposals, which were included in the final package of B20 recommendations to the G20 heads of the states, were approved at the meeting. During the St. Petersburg Forum, business representatives are to present the set of recommendations to Vladimir Putin, President of the Russian Federation, which will be reviewed by G20 leaders at the Summit in Strelna in September of this year.

Round table "Investments, Loans, and Infrastructure: key elements of entrepreneurial environment"

The roundtable - Investments, Loans, and Infrastructure: key elements of entrepreneurial environment - was held on 19 March within the framework of the Russian Business Week organized by the Russian Union of Industrial and Entrepreneurs (RSPP).

B20 Investment and Infrastructure task force agrees recommendations to boost economic growth

Berlin, March 7, 2013 - The B20 Investment and Infrastructure task force will urge G20 leaders later this year to boost the global economy by investing in major infrastructure projects. Chaired by Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), the task force, which met in Berlin for the third time, will ask the leaders of the twenty largest economies to work together on improving the investment climate and facilitate cross-border private sector investments in global infrastructure projects, especially in developing economies.

Second meeting of B20 Investment and Infrastructure task force took place at Davos forum

Moscow, January 24, 2013 – The B20 task force on Investment and Infrastructure met on Wednesday January 23 at the World Economic Forum in Davos (Switzerland).
The meeting continued the work of the B20 during the 2013 Russian Presidency of the G20.

The B20 Investment and Infrastructure task force holds its second meeting in Davos, under the chairmanship of the Russian Direct Investment Fund

Moscow, January 22, 2013 – The B20 Investment and Infrastructure task force is set to meet on Wednesday January 23 at the World Economic Forum in Davos (Switzerland). The meeting will be chaired by Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), continuing the work of the B20 during the 2013 Russian Presidency of the G20.

Contacts for additional information:
For the RDIF:

Taskforce Sherpa 

Sergey Kuznetsov RDIF,
GR Vice president
E-mail: Sergey.Kuznetsov@rdif.ru
Tel: +7 495 644 34 14

Liaison Officer

Elena Suvertok RDIF Manager for special projects
E-mail: Elena.Suvertok@rdif.ru
Tel: +7 967 098 9517
General e-mail: b20russia@rdif.ru

 

Find more about taskforce http://www.b20.rdif.ru/

 

 




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