Doha Agreement Secures Independent Status for Int'l Wealth Funds Forum

Doha, November 20 (QNA) - The International Forum of Sovereign Wealth Funds (IFSWF), whose sixth edition opened Thursday in Doha, has become an independent legal entity according to the Doha Agreement that members of the forum signed yesterday. The forum is global network of sovereign wealth funds that works under the umbrella of the International Monetary Fund and aims to discuss the best practices in long-term investment and exchanging knowledge on maximizing profits in light of risks involved in assets investment. The sixth annual meeting, which runs for one day and features five sessions, discussed major issues in global economy and challenges and predictions of financial markets in 2015. It also dwells on Santiago Principles and the best solutions for the management of long-term investments. (QNA)