Tatarstan, May 18-19th: WAIPA CEO Bostjan Skalar participated in the 9th International Economic Summit Russia – Islamic World: KazanSummit 2017, which is one of the leading international economic events that focuses on opportunities for Russia and Islamic countries.
The key topic of KazanSummit 2017 was islamic investments in the context of international economic relations. WAIPA CEO participated in the plenary session “Strenght lies withing cooperation. Partnership finances as Russia and OIC Member Countries cooperation potential in the context of the turbulent International Economic Relations,” where he shared WAIPA’s views on the global challenges that influences FDI.
Skalar in his speech said that the global economic environment clouded by weak growth trends pushes for an urgent need for structural reforms. It makes cooperation essential to build the competitive potential of individual economies and to integrate them to form strong economic blocks. He emphasised that increased cooperation between Russia and OIC countries is possible through increased FDI flows.
Furthermore, he explained that WAIPA services are focused on identifying and resolving obstacles to cooperation and growth. Skalar: “We are here to transform the world into a sustained hub of economic activity.”
WAIPA is a global policy stakeholder in the investment process. With a 170-strong network of member Investment Promotion Agencies (IPAs), WAIPA is working to maximize the cooperative potential of all stakeholders; to aid investors and agencies in conducting multi-stakeholder dialogue, inform them regarding decision-making, and help build their capacities to improve the overall investment environment.
The WAIPA CEO also had a pleasure to attend the “Ministry of Economic Development of the Russian Federation Workgroup Meeting on Regional Investment Agencies’ Efficiency Improvement.” His speech was focused on improving the efficiency of investment agencies. Skalar: “Improvement in efficiency means that the agency will be able to identify what activities are most appropriate for it to do, in its specific environment and circumstances, and ensure the best use of resources employed.”
He also explained that sharing experiences in attracting foreign investment and enhancing outward investments is central to WAIPA’s vision. WAIPA stand to bring together IPAs from all over the world and help them deliver more efficiently.