Global forum discusses investment for sustainable development

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Doha

More than 600 representatives of governments and corporations have gathered in Doha, Qatar, to discuss investments for sustainable development.

The World Investment Forum, convened by the UN Conference on Trade and Development (UNCTAD), is focusing on investments in poor countries.

 UNCTAD says that state investment funds, known as SWFs, can play a critical role in helping poor countries.

James Zhan, head of UNCTAD's Division on Investment and Enterprise ,says that while these funds have accumulated more than five trillion dollars in assets, only $100 billion has been allocated for long-term investment.

"We know that a few SWFs, like the Qatari SWF, the Kuwaiti SWF, the Singaporean SWF, the Chinese SWF…they have invested in poorest countries, and they are going to expand their long-term  investment in those countries."

The World Investment Forum officially opened in Doha on Friday evening.

Duration: 22″

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