The International Fund of Investment and Business (IFIB) was established in 2004 on the initiative of the Moscow Government (the Commission on International Relations) with the support of the Chamber of Commerce and Industry, Russian and foreign companies, as well as the international financial partners.
To date, 78 companies from various spheres of activities are accredited with the Fund. The prime objectives of the Fund are the organization and implementation of business projects and business programs and their investment, activation of business processes to establish and development of commercial and economic, scientific and engineering, and cultural relations with entrepreneurs from foreign countries.
Initiated by the Fund and invited by the leaders of the above-mentioned countries, the delegations of the entrepreneurs from Moscow and other regions of Russia have visited above-mentioned countries several times (aswell as the foreign entrepreneurs have visited Moscow several times) for the purpose to analyze the business possibilities.
Moreover, there were the delegations including the leaders of the countries as with the Presidents and the Ministers of Peru, Ecuador, Panama, Salvador, Argentina, Chile, Uruguay, China, Vietnam, Germany, Greece, Portugal, Spain, Saudi Arabia, Ethiopia, Kenya, Morocco, etc. Friendly and promising contacts were established and the agreements were signed during these negotiations.
The President of the Fund G.A. Suleimanova was approved in the status of the Honorary Consul of the Republic of El Salvador in the Russian Federation by the initiative of the Ministry of Foreign Affairs of the Republic of El Salvador and with support of the Ministry of Foreign Affairs of Russia.
The President of the Fund, G.A. Suleimanova, has the status of the Honorary Citizen in the City of Buenos-Aires of San-Martin Municipality.
The Fund established the business relations with the Republic of El Salvador for the purpose to establish a trade-economic relationship and for the entrepreneurial development. The delegations of the Parliament of the Republic of El Salvador, as well as the delegation of the Government headed by the Minister of Foreign Affairs, were received, meetings between the Minister of Foreign Affairs of the Russian Federation S.V. Lavrov and the Minister of Foreign Affairs of the Republic of El Salvador, Mr. Martinez was organized, and as a result of the work, the Embassy of the Republic of El Salvador was opened in Russia.
During the official visit of the Vice-President of Nicaragua Mr. Lauren Ortega and the Minister of the Institute of Tourism (INTUR) in the framework of themeeting with the Management of the Fund , the cooperation agreement was signed.
There are concrete positive examples of the creation of joint ventures, both in Russia and abroad.
Consideration is currently being given to opening in Moscow Trading Houses of Europe, of several Latin American and African countries, for the purposes of increasing goods exchanges with Russia and creating joint ventures in the field of logistics, agricultural complex, technopark, consumer goods manufacturing, etc.
The Embassy of Panama and the Management of the Fund initiated an official visit of the government delegation led by First Vice-President and the Foreign Minister Mr. Samuel Lewis Navarro with the delegation.
During the visit of the Fund's Management to the Republic of Panama in November 2006, the Government of Panama made an offer for the participation of the Russian entities in resolving issues related to the expansion of the Panama Canal and the projects related to the activities of the Panama Canal: the construction of oil terminals, oil refinery, housing, social facilities, with the involvement of international financial and banking structures, resulting in a joint venture was established in the Republic of Panama as the management company in the oil and gas complex.
The experience gained has made it possible to create, with the support of GlavUpDKa of the Ministry of Foreign Affairs of Russian Federation, the magazine "International Diplomacy". In August 2011, a pilot issue of the magazine was published, the positive responses were received from several diplomatic missions, as well from the Ministry of Foreign Affairs of the Russian Federation, from GlavUpDK of the Ministry of Foreign Affairs ofthe Russian Federation, from the Moscow Government and the Chamber of Commerce and Industry of the Russian Federation.
The International Fund for Investment and Business signed the agreement with the leading European financial and banking structures to attract of the investments to countries where the Fund is supported by the governmental structures and, therefore, has an active position.
In its work, the Fund is not limited to activities aimed at promoting the establishment and the development of business ties between entrepreneurs from different countries. An important part of the IFIB's work is the direct participation of the Fund's accredited companies in the implementation of the agreements reached and signed contracts. If it is necessary, an asset management company can be created to implement projects and programs initiated by the Fund Management and accredited companies.