A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 159 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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James  McCormack

James McCormack

Global Head of Sovereign and Supranational Ratings Group, Fitch Ratings
SPIEF 2019
Are We Witnessing a Paradigm Shift in the Global Economic Order?
In terms of the income distribution argument that we hear a lot of – winners and losers – think of income distribution within countries and think about income distribution between countries. It is hard to argue the fact that global trade and the growth of global trade has improved income distribution between countries. But within countries we can clearly see that income distribution is getting worse, so it is not an issue for governments to coordinate with each other, it is governments’ need to address these issues on their own
SPIEF 2019
Are We Witnessing a Paradigm Shift in the Global Economic Order?
I think a large part of the reason why trade growth is slowing is because China is becoming more developed, so instead of exporting all of its output, there is a growing domestic market. <…> And on the input side, what was previously imported into China, China can now supply itself. <…> And because it [China] is so large, it affects global trade flow
SPIEF 2019
The Sustainability of the International Trade System and the Future of Globalization
I am fearful that we are in for a long standoff between China and the United States. And I think that there is a risk that we end up with the two biggest economies operating in parallel tracks in regards, and not in a cooperative fashion. And the world economy will suffer as a result of that
SPIEF 2018
Economic Protectionism and Global Markets
At least for the current time, this (US protectionism - Ed.) is something that does not greatly change our forecasts of the countries' economic growth. But the risk is still there