India’s BRICS chairship to host $1 trillion global sovereign capital summit in New Delhi

New Delhi [India], September 4 (ANI): Sovereign wealth funds, pension funds and family offices managing a combined USD 1 trillion are set to meet in New Delhi on September 12-13 for talks on cross-border investments, non-dollar settlements and payment systems among BRICS economies.

According to a press release issued by the Sovereign Wealth Fund Institute (SWFI), the inaugural iBRICS Summit, a separate sovereign investment event convened by the SWFI on the sidelines of the BRICS Leaders’ Summit, is expected to bring together over 500 institutional investors, finance ministers and business leaders.