Date : 21/04/2012
DOHA, April 21 (KUNA) -- Qatar Investment Authority (QIA) manages over USD
65 billion of assets, a senior Qatari official said Saturday.
Deputy Premier and Minister of State for Cabinet Affairs Ahmad Al-Mahmoud,
addressing the opening session of the Global Investment Form held on sidelines
of UNCTAD XIII Conference, said role played by global investment funds in
capital accumulation, job creation and technology transfer was very crucial.
He said sovereign wealth funds supported growth and development through
investment to develop countries.
Al-Mahmoud pointed out that Qatar has invested its revenues through these
funds which would support growth and provide job opportunities in the world's
poorest countries.
The Qatari official said the participation of sovereign wealth funds
required special care of national and global investment policies in order to
contribute to the comprehensive and sustainable development.
He said UNCTAD conference was the largest supporter of the new generation
of sustainable development-oriented investment policy and that Qatar supported
this trend.
He also expressed Qatar's keenness on constant contact with UNCTAD to
encourage investment and projects to create job opportunities, especially for
youth and women.
Al-Mahmoud suggested that the positive economic and social changes that may
result from the Arab Spring, especially for young people, will not be
sustainable without diplomatic efforts and partnership between all
stakeholders in this regard.
Al-Mahmoud said the results of dialogue between developing and developed
countries were still low, specially with regard to technology transfer.
Meanwhile, a report by the UNCTAD said global economy has been growing at a
pace faster than the progress achieved by the global economic governance.
The report, highlighting importance of institutional reforms, said limited
governance contributed to the financial crisis in 2008-09.
It said the developing countries have varying benefits from international
markets.
The report calls for reforming global governance and globalization or there
would be consequences. (pickup previous)
ma.bs
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